Coffee Harvest predictions cut
by Brian Turner
July 12, 2005
The 2005-2006 coffee harvest is expected to shrink by 5 percent to 105 million 60 kg bags on lower output by key producers Brazil and Indonesia.
In making this estimate, the International Coffee Organization is cutting its previous estimate of seasonal output from 160 million bags.
The ICO also reported that Vietnamese coffee production has been hurt by drought and high oil prices.
Email This Post
Print This Post
Add to Bookmarks:
Related financial stories:
Commodities hit by hurricane damage: ...
Inflation set to surge on food prices: ...
Crude oil prices drop on weather predictions: ...
No Comments
No comments yet.
Sorry, the comment form is closed at this time.
Previous: « Crude futures rise on new storm warning
Next: Bond prices down on ECB rate comments »
Visited 70 times, 2 so far today