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Showing posts from October 23, 2013

Coffee Beans: A market to watch in 2014

By Nat Rudarakanchana International Business Times October 23 2013 Coffee is a commodities market to watch late this year and into 2014, as historically low coffee bean prices should reach a bottom and revive investor interest, according to one commodities expert. Prices have declined from recent highs of about $2 per pound, and now trade in the range of $1.15 to $1.20 on the New York ICE Futures exchange. “You really have to look at the market and see if this is the bottoming,” Carlos Sanchez, director of asset management at CPM Group, told International Business Times, referring to recent historic lows in Arabica coffee bean prices. “It’s something to look out for, a bottom over the next six months.” Growing demand in emerging markets like China, India and Brazil bode well for coffee beans over the long term, even though coffee companies like Starbucks Corporation (NASDAQ:SBUX) have saturated developed economies. “With rising wealth, and increased ...