Coffee prices stabilize in the international market
The price of coffee in the international market have stabilized at around $110 per 60 kilo sack.
Thursday, December 11, 2008
Throughout November 2008 the prices recorded in the "C" contract in the New York Stock Exchange fluctuated around $100.
The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.
Grain prices fell by $20 on the Intercontinental Exchange (ICE) in New York, which will affect producer’s plans and their profit margins.
Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.
The Brazilian coffee crop, which could amount to more than 50 million quintals of grain, could put prices back down again.
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