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Showing posts from November 4, 2010

Higher prices may lead to a drop in Japan’s coffee imports

Story highlights: Coffee may extend a rally to $2.15 a pound by the end of this month as supply from Colombia may be smaller than forecast. Coffee consumption in Brazil may surpass the U.S. to become the world’s largest as early as 2012. Coffee may not have much room to advance as its rally was driven by not only fundamental factors but credit-easing expectations. A surge in arabica coffee prices also prompted some roasters to shift to robusta beans. Higher prices may lead to a drop in Japan’s coffee imports next year as many of Japanese roasters have difficulty in passing increased raw-material costs onto customers amid deflation. --- Coffee May Rise 10% as Rain, Fungus Cap Supply, Kanematsu's Kobayashi Says By Aya Takada and Ichiro Suzuki Bloomgerg November 3, 2010 Coffee may extend a rally to $2.15 a pound by the end of this month as supply from Colombia, the second-largest producer of arabica beans, may be smaller than forecast, said Japanese trading company Kane...