04 December 2012

BRASIL/ COMMODITIES : Arabica Coffee Crop May Boom In 2013.


     Most analysts are predicting a bumper crop of Brasil's arabica coffee beans for 2013.
     Perhaps even a record 50.8 million bags of 'low-crop' season beans.
     Prices may fall 12%...to $1.31/pound...by June.
     Arabica beans are widely used by coffee retailing giants Starbucks and Dunkin Donuts.
     Arabica stockpiles have been growing...as roasters switched to cheaper robusta beans.
     But...a Florida commodities trader warns...'a lot of optimism about Brasil's crop has pretty much been factored in and any weather disturbances could take off 3-4 million bags.'