Price of Arabica Coffee to Rise 24%
Current low prices plus an increase in world demand will push the New York price of Arabica Coffee to $1.55 per pound.
Tuesday, September 1, 2009
"Arabica Coffee futures in New York could rise 24% by the end of the year, because coffee mixers will demand more of the variety to compensate the alternative supply of Robusta grains, said Mark Hensen, director of CPM Group", as noted by ElNuevoHerald.com.
The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.
The monthly average composite indicator price in April was $160.46 cents / pound compared to $167.77 in March. The prices were less volatile in April than in March.
The international price of coffee has increased 30% in the past two weeks.
The price of coffee fell $25.45 in a month, but the Coffee Institute of Costa Rica (Icafe) insists that this is due to speculation and not due to actual increase in supply.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar