Arabica coffee futures for September rose by as much as 10 percent to $1.765 per pound in New York trading, the highest level since 1998, reported BusinessWeek/Bloomberg. By mid-afternoon the price had retreated somewhat and held steady at $1.683 per pound by 2:30pm. Much of the increase was driven by speculation that coffee buyers will… Read more.
After two weeks of extraordinarily strong trading that pushed up the prices of coffee futures by over 20 percent, coffee finally reversed course this morning. The benchmark Coffee C Arabica futures for September delivery declined .8 cents to $1.60 per pound, the first decrease in the 3 trading sessions according to Bloomberg. Trading remains somewhat… Read more.
Coffee futures got a positive early start this week, building on last week’s gains to hit fresh highs of $1.571 per pound in New York trading. Previously, concerns over supply and positive projections for global demand pushed up the price of both coffee and cocoa. Since then cocoa has dropped, but traders have remained optimistic… Read more.
Robusta coffee futures for July delivery rose almost 7 percent to $1,573 per metric ton after the International Coffee Organization (ICO) released its latest survey of the global coffee market today. The report featured news that exports from Vietnam, the world’s largest grower of robusta beans, fell by 20 percent from a year earlier, pushing… Read more.
Coffee futures and cocoa futures rose today, riding a number of factors higher for the third straight day. Today, Arabica coffee futures for July delivery passed $1.34 per pound while cocoa futures rose to $3,007 per metric ton. These numbers are up slightly from those reported by Bloomberg yesterday, which could indicate that both commodities… Read more.