Coffee Falls on Slow Demand, Supply Gain: World's Biggest Mover
July 15 (Bloomberg) -- Coffee prices in Sao Paulo fell 3.4 percent, the biggest fluctuation of any commodity today, on signs of rising inventories during the slowest demand season.
U.S. supplies of raw coffee beans are up 14 percent this year, more than double the gain a year earlier, according to the Green Coffee Association in New York. Brazil, the world's biggest coffee producer, is harvesting its new crop, helping to swell volumes for U.S. roasters during the summer, the low point for retail coffee sales.
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posted by Robert @ 7/17/2005
1 Comments
1 Comments:
the first coffee producer is Ethiopia. this contry's farmer stil recieced the lowst price in the world and they lived under poverty, but i read the usa coffee damend stil growing. on the other hand pourest country lived under poverty because of unfair trad relationship.
thank you
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