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Natural factors put pressure on coffee market

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Natural factors put pressure on coffee market
11 January 03:58 AM
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock exchange news, coffee. This year coffee producers will have higher spirits due to rains in Brazil. According to predictions of Conab, production volume will vary between 49 mln. and 52.3 mln. bags, in comparison to 43.5 mln. bags last year.
With the coming of winter, due to low temperatures in Northern hemisphere, coffee market has experienced a fundamental change, which can be observed at the chart dated December 19, 2011. Floods in Columbia put even more pressure on coffee prices, as transportation and gathering is getting harder.
According to the Department of Derivatives Trading, this year bullish trends will prevail until there is new information from Brazil:

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