Colombian coffee offer decrease
The situation is favorable to other producers in the region, including those in Central America, which has seen coffee prices increase.
Monday, January 26, 2009
According article from Reuters in America Economia, "The supply of Colombian coffee to European markets this week was very low, and as a result European coffee toasters are urgently seeking various alternatives, operators said on Friday.
Current low prices plus an increase in world demand will push the New York price of Arabica Coffee to $1.55 per pound.
Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.
The international price of coffee has increased 30% in the past two weeks.
The scarce supply of Colombian coffee is causing big distortions in international markets.
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