Global market gets a coffee break

Global market gets a coffee break

John Barone discusses the latest commodities price trends, with a focus on coffee. This article ran in the Dec. 17, 2012, issue of NRN. Subscribe today. 

As the year winds down, coffee merits close watching as a potential long-term contracting opportunity.

Brazil got enough rain to avert most drought-related damage, ensuring a record-large crop in excess of 50 million bags. The International Coffee Organization pegged 2012-2013 world production at 147 million bags, up 9.3 percent from the prior year, and projected a supply surplus for the first time in five years. Coffee futures, which were $1.83 per pound Oct. 3, closed

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TAGS: Supply Chain
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