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.
Friday, October 05, 2007
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