Coffee prices at six-year low
ROBUSTA coffee prices fell to its lowest level for six years yesterday with forecasts about the Brazilian crop this year playing a major part in the decline.
The March contract fell to $1085 at one stage, before closing at $1088/t, down $32 on the day.
Traders remain confident about adequate supplies, in spite of the damage to Brazils crop caused by drought.
- Coffee plunges as weather improves, FWi, 10 December, 1999
- Frost-free Brazil hits coffee futures, FWi, 17 August, 1999
- Coffee futures recover, FWi, 27 May, 1999
- Financial Times 17/01/2000 page 34