Arabica coffee biggest gainer in 2014

Brazil , Coffee Jan 02, 2015 No Comments

Arabica coffee 2014Arabica-coffee futures gained 50% this year, with the March futures contract on the ICE Futures U.S. exchange ending Wednesday up 1.1%, at $1.6660 a pound, snapping a six-session losing streak.

Brazil suffered its worst drought in decades earlier this year, clipping output from the source of around one-third of the world’s coffee. Brazil’s coffee production likely totaled 45.1 million bags this season, 8% lower than last year, according to government crop agency Conab. Each bag weighs 60 kilograms.

Via Coffee Gains 50% for Year; Sugar Posts Four-Year Losing Streak – WSJ

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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