$25 drop in the price of coffee is temporary

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.

Thursday, October 30, 2008

The price of the grain went from $135.15 per quintal on September 26, to $108.70 on Tuesday at the at the close of the New York Stock Market, which is the reference market that is most used.
However it recovered $5 in two days. It went up $0.75 on Tuesday and another $4.25 yesterday, bring up the price to $112.95

This recovery sustains Icafe's position in the sense that there are no elements such as an expected increase in production in some countries that would increase forecasted supply and bring down international prices.

More on this topic

Monthly Report on the Coffee Market in April 2012

May 2012

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.

Despite the dip, Robusta coffee prices remain firm and the average sales price in the first 4 months of 2012 is still above that recorded in the fourth quarter of 2011.

Coffee Prices On the Rise

June 2010

The international price of coffee has increased 30% in the past two weeks.

Nestor Osorio, president of the International Coffee Organization, explained the hike as a result of ‘speculation’ and ‘nervousness’.

“The price of Arabica Coffee went abruptly up by 10%, reaching a 12-year high in the futures market in New York.

Price of Arabica Coffee to Rise 24%

September 2009

Current low prices plus an increase in world demand will push the New York price of Arabica Coffee to $1.55 per pound.

"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.

Coffee prices fall

January 2009

On Monday coffee futures fell sharply, weakened by the strengthening US dollar and strong Brazilian exports.

According to laprensagrafica.com, "Romain Lathiere, administrator of the Diapason Commodities Management Fund, said that the fall in coffee prices "is related mainly to the US dollar and solid Brazilian exports, which is not good for the coffee market."

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Cooperativa Cafetalera Agrícola Trascerros Limitada

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