[Homeroast] Coffee Futures at a 12 year high

Ryan M. Ward silvercro_magnon at hotmail.com
Fri Jun 25 16:28:28 CDT 2010


Hmmmmm.... I guess this means we will be paying more...

-- 
Ryan M. Ward

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> Date: Fri, 25 Jun 2010 13:36:15 -0700
> To: homeroast at lists.sweetmariascoffee.com
> From: fparth at mac.com
> Subject: [Homeroast] Coffee Futures at a 12 year high
> 
> 
> According to the Financial Times today, coffee futures are at a 12 year high (which really hurt the hedge funds that 
> were expecting them to drop). A short quote from the article:
> 
> "Speculators betting on lower coffee prices suffered large losses for the second time this month on Thursday as futures 
> prices in New York swung violently to a 12-year peak, prompting fears that roasters will need to increase retail prices 
> soon.
> 
> High-quality Arabica coffee futures have surged more than 30 per cent in two weeks as low crops in Colombia and Central 
> American countries earlier this year reduced supplies, draining inventories to the lowest level since mid-2002."
> 
> Hmmm, maybe I'll order a few more pounds from SweetMaria's this afternoon.
> 
> Frank Parth
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