Frost boosts coffee futures

19 July 2000



Frost boosts coffee futures

COFFEE futures have surged following signs that Brazils crop could be badly damaged by frost, reports the Financial Times.

Benchmark prices jumped by 16% to their highest levels for several months, after freezing temperatures hit the worlds largest exporters crop.

London-based robusta closed up $119 at $1022.

• Brazil face quota-busting coffee harvest, FWi, 20 August, 1999
• Brazil exports record coffee crop, FWi, 30 July, 1999
  
• Financial Times 19/07/2000 page 25