18 March 2013

BRASIL / COLOMBIA / COMMODITIES : Arabica Coffee Prices...Lose Their Perk.

      Coffee price for premium arabica beans have hit a 33-month low.
      Traders blame widespread stockpiling and hoarding in Brasil...and robust new harvests there and in Colombia.
      Prices are predicted to settle at $1.30-1.35 per pound.
      A speculator observed :'The market is just death warmed over.'