Wednesday, April 27, 2005

Arabica Coffee Futures Rise in Tokyo: World's Biggest Mover

April 25 (Bloomberg) -- Arabica coffee futures in Tokyo rose 4.8 percent, the biggest fluctuation of any commodity market today, on concern drought will lower supply from Brazil, the world's top grower of the bean variety.

Brazil may produce 16 percent less coffee from its June-to- August harvest than a year earlier because of drought in the states of Parana, Sao Paulo and Rondonia, and fall in productivity, Vilmondes Olegario da Silva, head of the Agriculture Ministry's coffee department said on April 22.

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