Tuesday, 24 July 2007

Coffee Rises as Cold Winter Weather Increases Threat of Frost in Brazil

(Bloomberg) -- Coffee rose in New York as forecasts
for colder-than-normal temperatures spurred concern that a crop-
damaging frost may develop in Brazil, the world's largest
producer.

Cold air in northern Argentina is expected to move across
the south of Brazil's Parana coffee-growing region July 26,
bringing the lowest temperatures since winter began in June,
according to Meteorlogix LLC in Woburn, Massachusetts. Brazil's
harvest runs through October.


Read more at Bloomberg Commodities News

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