Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound. Brazil is the world's largest coffee producer, accounting for about a third of global production, according to the International Coffee Organization. Coffee in Brazil isn't harvested until June.» Read More
LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday, as fears that a drought could severely cut top grower Brazil's output in the coming seasons kept a recent rally intact.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
NEW YORK/ LONDON, April 8- ICE arabica coffee climbed on Tuesday, extending gains seen since late last week, as dry weather forecasts for Brazil exacerbated worries over crop damage in the world's top producer.
Cocoa prices were firm ahead of the latest quarterly grind data, while sugar was higher. Arabica coffee prices hovered near a two-year high of $2.0755 per lb hit on March 11, underpinned by concern that rainfall at the end of top grower Brazil's wet season came too little too late after drought in January and February.
NEW YORK— Coffee futures soared for a second day Monday as investors continued to worry about this year's coffee harvest in Brazil. Coffee jumped 8.4 cents, or 4.5 percent, to $1.94 a pound. Platinum for July delivery lost $23.10, or 1.6 percent, to $1,427.80 an ounce and June palladium fell $23.10, or 3 percent, to $767.65 an ounce.
What's old is new again at Starbucks as the chain brings back some fan favorites it had axed from the menu.
*Corn, wheat, soy all up double digits. NEW YORK, March 31- Commodities had the best quarter in 18 months as trading for March ended on Monday, with weather and economic growth likely to determine if gas, gold, grains, lean hogs and coffee continue going higher and draw money into the space.
Not all coffee is created equally, which means it matters where you go if you are looking for a pick-me-up.
Dominic Schnider, Head of Nontraditional Asset Classes at UBS Wealth Management, explains why the coffee market is going from a surplus to a deficit.
*Indonesia coffee fetches high premiums on crop concerns. LONDON, March 20- Arabica coffee futures on ICE fell sharply on Thursday from last week's two-year high as rains in Brazil raised the possibility that drought-driven crop losses may not be as severe as feared.
CNBC's Jim Cramer discusses plans for Starbucks to launch "Oprah Chai," a tea-based drink developed by Oprah Winfrey. The drink will be sold at Starbucks and Teavana stores.
NEW YORK/ LONDON, March 19- Arabica coffee futures on ICE tumbled 3 percent on Wednesday, sinking further from last week's two-year high as forecasts for much-needed rain in top grower Brazil attracted investor selling, while raw sugar consolidated higher.
CNBC's Jim Cramer talks with Howard Schultz, founder, chairman, president and CEO of Starbucks, about how his company plans to remain relevant as consumers become more tech savvy.
LONDON, March 19- Arabica coffee futures on ICE edged higher on Wednesday having slipped from last week's highs partly due to expectations that the weather in Brazil could improve in the coming weeks, while raw sugar held steady.
"Dangerous Grounds" host Todd Carmichael provides insight into why coffee prices are rising.
NEW YORK/ LONDON, March 18- ICE cocoa eased from Monday's 2-1/ 2- year high on profit-taking, while arabica coffee edged higher on renewed speculator buying and lingering worry over the extent of drought damage to crops in top grower Brazil.
*Cocoa 2013/ 14 consumption growth to exceed long-term trend. LONDON, March 18- Cocoa futures held near a 2-1/ 2 year high on Tuesday, boosted by strong consumption growth that was expected to outstrip supply. Cocoa futures on ICE were little changed with May off $2 or 0.1 percent at $3,028 at 1206 GMT, holding just below the previous session's 2-1/ 2- year high of $3,047.
Herb Greenberg, TheStreet.com, calls in to discuss his bet with CNBC's Brian Sullivan on coffee and gold.
*Sugar back on defensive after Brazil- driven rally. NEW YORK/ LONDON, March 17- Arabica coffee futures on ICE dropped for the second straight day on Monday, its biggest two-day tumble in 2-1/ 2 years, as a forecast for widespread rain in top grower Brazil's coffee belt took out some of the market's weather premium.
*Sugar back on defensive after Brazil- driven rally. LONDON, March 17- Arabica coffee futures on ICE were lower on Monday, extending a retreat from last week's two-year high with the focus remaining on the extent of damage to Brazil's crop prospects from dry weather earlier this year.