Coffee Gets Cheaper as Rains Boost Brazil Supplies
Post# of 63692
Posted On: 12/28/2015 8:55:31 PM
Coffee Gets Cheaper as Rains Boost Brazil Supplies
Arabica-coffee futures tumbled in 2015 as ample rains
boosted crops in Brazil, the world’s biggest producer and exporter.
That’s lowering costs for Starbucks Corp. and J.M. Smucker Co.,
the maker of Folgers brands. Money managers have stayed bearish
for 18 straight weeks.
Chart below
Arabica-coffee futures tumbled in 2015 as ample rains
boosted crops in Brazil, the world’s biggest producer and exporter.
That’s lowering costs for Starbucks Corp. and J.M. Smucker Co.,
the maker of Folgers brands. Money managers have stayed bearish
for 18 straight weeks.
Chart below
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