Coffee price hits 13-year high
Seems to refer more to the US market but will probably have impact here as well if futures trading in coffee sets world prices, which I think it does. Perhaps Andy can elaborate.
Seems to refer more to the US market but will probably have impact here as well if futures trading in coffee sets world prices, which I think it does. Perhaps Andy can elaborate.
Coffee prices hit a 13-year high on Wednesday, extending a rally that has sent prices up about 43 per cent in the past three months.
Coffee for December delivery settled up 2.25 US cents at $US1.9455 a pound on Wednesday after hitting $US1.9865 per pound earlier in the day.
Trading volume was light, which can exaggerate price movements.
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Coffee for December delivery settled up 2.25 US cents at $US1.9455 a pound on Wednesday after hitting $US1.9865 per pound earlier in the day.
Trading volume was light, which can exaggerate price movements.
<snip>
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