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CentralAmericaData.COM
The report by the National Coffee Association of Guatemala said that bean prices for "C" type contracts continue to rise, reaching 1997 levels.
"Coffee prices in "C" contracts set a 13 year high. Investors hit the markets influenced by a weak dollar and rising oil prices, in addition to limited deliveries of March contracts, set up a scenario where certified inventories remain low. The Robusta coffee market also went on the rise, due to political instability in Côte d'Ivoire which still does not find a short term solution, causing distortions to supply in Robusta coffee and cocoa. Weather reports indicate that widespread rains caused some flooding in major coffee areas of Sao Paulo and Minas Gerais, which are favorable to alleviate dry conditions experienced during the month of February. Coffee for delivery in March 2012 is supported at 263.00 and resistance at 285.00."
More on this topic
September 2009
Current low prices plus an increase in world demand will push the New York price of Arabica Coffee to $1.55 per pound.
"Arabica Coffee futures in New York could rise 24% by the end of the year, because coffee mixers will demand more of the variety to compensate the alternative supply of Robusta grains, said Mark Hensen, director of CPM Group", as noted by ElNuevoHerald.com.
May 2012
The monthly average composite indicator price in April was $160.46 cents / pound compared to $167.77 in March. The prices were less volatile in April than in March.
Despite the dip, Robusta coffee prices remain firm and the average sales price in the first 4 months of 2012 is still above that recorded in the fourth quarter of 2011.
April 2012
Arabica coffee could increase by up to 10% in the coming months due to a drought in Brazil and an increased demand from emerging markets.
The amounts paid for Arabica coffee beans could rise compared to its lowest in 20 months, driven by increased supply from Vietnam, which has reduced the price of robusta coffee.
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