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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.'
http://online.wsj.com/article/SB10001424127887324077704578362770217867326.html?mod=googlenews_wsj