Friday, 06 July 2007

Coffee Falls for Fourth Straight Session in New York on Rising Stockpiles

(Bloomberg) -- Coffee futures fell for the fourth
straight session in New York as warehouse supplies rose and
Brazil, the world's largest producer, received favorable weather
for its crop.

Stockpiles in warehouses monitored by the New York Board of
Trade rose to 4.19 million bags as of July 4, a gain of 9,600
from the day before. There were 4.17 million bags stored at the
exchange's delivery points in New York, New Orleans, Hamburg,
Miami and Antwerp, Belgium, at the end of June.


Read more at Bloomberg Commodities News

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