Coffee Prices Reach $215

Volcafé, one of the largest traders in the world, has announced that its production will be 10% lower than the previous season, due to the effects of drought in Brazil.

Wednesday, April 23, 2014

After fluctuating for 4 weeks, the price of contracts with terms of one month for the arabica variety rose to $215 on April 23rd.

Bloomberg reports that "the global harvest, including the variety of robusta beans, will be 11 million bags short of meeting global demand, estimates Volcafe. That means a global deficit which is equivalent to the production of Colombia, the second largest supplier of arabica in the world. ".

The losses amount to 35% of crops south of Minas Gerais, the main producing area of ​​Brazil, said Christian Wolthers, president of Wolthers Douque, an importer in Fort Lauderdale, Florida."

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Coffee Continues to Rise and Reaches $207 in 'C' Contracts

April 2014

The rise in coffee futures corresponds to expectations of lower production in Brazil and increased demand in the U.S., China and Europe.

From a report by Anacafé at the end of April 9th, 2014:

Coffee prices in "C" contracts closed at higher prices. The prices behaved in a volatile fashion.

Prices of Peruvian Coffee Futures Climb

August 2013

With the increase in premiums in their contracts large buyers are guarding against uncertainty over the Central American harvest volume affected by rust.

Terra.com.co reports: "The premium for Arabica hard bean washed coffee (HBMC) from Peru stored in the United States rose to an average of 14 cents over futures contracts observed in the U.S.

Coffee Futures Hit Record Prices

November 2010

After 13 years, prices in future contracts of coffee in the New York market are over $ 210.

This upward momentum comes not only from lower yield forecasts by main world producers of coffee, but also speculation. Dollar weakness encourages financial traders to hide their capital into commodities and coffee is one of the most sought after for future operations.

Financial markets: futures contracts

April 2008

In the world of financial markets the price of futures contracts has been increasing at an accelerated rate. The best examples are primary materials whose prices have been affected directly or indirectly by high petroleum prices.

In general terms, these contracts are valid agreements for the future delivery of a product at an agreed-upon price.

ok