Excerpt from: Futures and Commodity News
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| March 26, 2008 | | Commodities market news: coffee | Coffee prices are recovering in London for the second straight day. After last week's dramatic decline in all commodities, some are taking advantage of the low prices. Both Robusta and Arabica coffee futures are making gains today. Bloomberg reports on the commodities market and coffee:
``The stronger funds are still there and the market is
feeling more confident, so they'll take advantage,'' said Jeff
Cooper, an independent coffee and cocoa trader in London. Coffee
roasters ``will look to take a bit of cover.'' | | |
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