The price of futures reached the highest level in the last 32 months and market analysts project that in November there will be increases of between 10% and 12% in the retail price in USA.
On October 5, the future price of Arabica coffee up to December rose by 6.9% to $2,208 on the ICE Futures market in New York, the highest increase in active contract seen since April 22. The price then reached $2,255, the highest since January 20, 2012.
The grain was quoted on the commodities exchange in New York in the week of July 21st at $3,234 per ton, the highest value in the last three years.
Growing global demand, driven by the sustained increase in of chocolate consumption in Asia is the main trigger for the rising price of the grain in commodity exchanges around the world.
It hopes to collect 5 million quintals, at a time when the price of coffee futures is above $ 200.
The recovery of road infrastructure in bean producing regions will be vital to the success of the harvest, the volume positions Honduras as the largest Central American producer and third in America.
Yesterday was a day for records in El Salvador's coffee industry, especially for the 36 coffee producers who participated in the electronic auction.
Among the records set before the close of the Cup of Excellence 2008 auction: highest selling price, most buyers, most revenues for sales and the longest on-line purchase.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
español
1680