Monday, June 25, 2007

Coffee Plunges to Three-Week Low as Mild Weather Eases Brazil Frost Risk

(Bloomberg) -- Coffee fell to a three-week low in
New York as mild temperatures and dry weather ease concern that
crops may be damaged in Brazil, the world's largest producer.

Temperatures during the next five days will drop as low as
the upper-40s Fahrenheit (9 degrees Celsius), warm enough to
avoid frost, according to Meteorlogix LLC in Woburn,
Massachusetts. Brazil's harvest is from April to October.


Read more at Bloomberg Commodities News

No comments: