Showing posts with label Coffee. Show all posts
Showing posts with label Coffee. Show all posts

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

Monday, 09 July 2007

Coffee Falls in New York as Warm Weather Reduces Threat of Frost in Brazil

(Bloomberg) -- Coffee declined for the fifth straight
session in New York as forecasts for warm, dry weather eased
concerns that frost would damage the crop in Brazil, the world's
largest producer.

Temperatures in Brazil's coffee-growing areas are expected
to be near to above normal, with lows around 55 degrees
Fahrenheit (13 degrees Celsius), according to Meteorlogix LLC in
Woburn, Massachusetts. A ridge of high pressure over northern
Argentina is expected to move across southern Brazil this week,
posing no threat to the coffee belt, the forecaster said.


Read more at Bloomberg Commodities News

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