Persistent Dryness in Brazil

DJ Arabica Coffee Leaps Higher on Persistent Dryness in Brazil By Alexandra Wexler NEW YORK Coffee prices posted the biggest one-day gain in almost a decadeTuesday after weekend rains in Brazil did little to ease dry conditions ingrowing areas, fueling concerns about supplies from the world’s largestproducer. Arabica coffee for delivery in March rose 9.1%…

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29-07-2014

NEW YORK–Arabica-coffee prices extended their gains to a new one-month high Monday as traders and investors fretted over the conclusion to the current Brazilian harvest as well as indicators for the next one. Arabica for delivery in September on the ICE Futures U.S. exchange was recently up 1.2% at $1.8135 a pound, the highest intraday…

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