Friday, October 05, 2007

Coffee Still Strong - No Rain in Brazil

Coffee in Brazil needs significant rain in October to help the crop flower. However it has been quite dry for a while, and there is no significant rain in the forecast for the next 7 days.

Thus, coffee prices remain strong. Could we see a super-spike coming if this harvest is trashed?

The article goes onto state that India's coffee crop is disappointing as well. Though Brazil is far and away the largest coffee exporter.

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