Scope ‘limited’ for further falls in coffee prices

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Investors should be wary of betting on further falls in coffee futures, even as they lurched lower again on Tuesday, the International Coffee Organization said, forecasting a 3.1% drop in world production. The scale of the fall in coffee futures, which have dropped 16% in London on a front-contract basis and 23% in New York,…


Coffee prices sink as Starbucks cup costs $1.50

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Farmers from Vietnam to Brazil will supply a record robusta crop in the marketing year that begins next month, extending a slump in coffee futures that spurred Kraft Foods Inc. and J.M. Smucker Co. to cut prices. Production will rise 5.4 percent to 3.29 million metric tons (54.9 million 60-kilogram bags) in the 2011-12 season,…


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