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Showing posts from February 19, 2011

Brazil holding its coffee for even higher price

Brazil, the world's biggest coffee producer, is holding out for even higher prices before releasing stocks the government amassed a year ago, the country's top coffee official told Reuters in comments that could lend fresh support to the biggest rally in 14 years. The per capita consumption of roasted coffee in Brazil reached the historic level of 4.81 kg in 2010, exceeding the 1965 record, according to Brazil's coffee industry association (Abic). The per capita consumption of 4.81 kg is equivalent to almost 81 liters of coffee per person per year. Photograph by: Nacho Doce, Reuters. -  The Ottawa Citizen By Peter Murphy The Ottwa Citizen February 19, 2011 Brazil, the world's biggest coffee producer, is holding out for even higher prices before releasing stocks the government amassed a year ago, the country's top coffee official told Reuters in comments that could lend fresh support to the biggest rally in 14 years. Despite tightening supplies which have ca...