(Bloomberg) -- Coffee fell in New York, erasing
earlier gains, after weather forecasters suggested there will be
no damaging cold this month in the main coffee-growing regions in
Brazil, the world's biggest producer.
Brazilian states including Parana, Minas Gerais and Sao
Paulo will receive no frost through the end of June, said
Drew Lerner, senior agricultural meteorologist for World Weather
Inc. in Overland Park, Kansas. Futures in New York have risen 13
percent since the start of May on concerns freezing temperatures
will affect Brazil's coffee crop.
Read more at Bloomberg Commodities News
earlier gains, after weather forecasters suggested there will be
no damaging cold this month in the main coffee-growing regions in
Brazil, the world's biggest producer.
Brazilian states including Parana, Minas Gerais and Sao
Paulo will receive no frost through the end of June, said
Drew Lerner, senior agricultural meteorologist for World Weather
Inc. in Overland Park, Kansas. Futures in New York have risen 13
percent since the start of May on concerns freezing temperatures
will affect Brazil's coffee crop.
Read more at Bloomberg Commodities News
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