Scope ‘limited’ for further falls in coffee prices


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


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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