Click Now!

Coffee Remains Steady As Growers Await Crop

Coffee Remains Steady As Growers Await Crop

US Coffee has been relatively stable this week with prices ranging between 182.00 and 186.25. The price spiked earlier this year after Brazil’s crops were hit by a drought and a coffee fungus and there is still a large amount of uncertainty over the next year.

Counteracting the problems in Brazil is the fact that many international roasters say that the current supply fits the demand and they are well stocked. Furthermore, before this year’s crop flowers, which should happen in the next six weeks, it is very hard to predict what the situation will be next year.

Because of this it seems likely that coffee prices should stay relatively steady over the next few weeks. If this year’s crop turns out to be viable then prices should drop lower; however, if the crop has been seriously affected then future prices will rise.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments

Calendar

September 2014
M T W T F S S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  

Recent Tweets