Excerpt from: Futures and Commodity News
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| January 08, 2008 | | Brazilian supply problems boost coffee futures | Coffee futures are up in commodities trading as poor rainfall affects the crop in Brazil. Commodities trading should consider that consumption is more likely to be up this time of year, and coffee is a commodity that rarely sees a drop in demand. Bloomberg reports on coffeeprices in commodities trading:
``We are now relying on the current coffee crops'' from
Brazil and Vietnam to satisfy demand because stockpiles are low,
Angus Kerr, the owner of Cobham, England-based trading company
Coffee ag, said in an interview today. ``If there is any hiccup,
it will have an impact on prices.'' | | |
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