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
NEW YORK/ LONDON, March 14- ICE raw sugar futures fell more than 4 percent to a two-week low on Friday as traders liquidated long positions on signs that a recent rally triggered by weather worries in top grower Brazil may have been overdone.
*Small delivery seen against London cocoa expiry. Cocoa edged up as traders focused on expiry of the London March contract. "The lower price has forced more people to fix contracts", before prices fall further, one London- based coffee futures broker said.
*Arabica crawls toward 2- yr high on Brazil weather worries. NEW YORK/ LONDON, March 13- ICE arabica coffee futures rose and traded near a two-year high on weather-related crop concerns in top grower Brazil, while cocoa rallied the most since January and recovered the previous day's sharp losses on bargain-hunting.
LONDON, March 13- Arabica coffee futures rose and traded near a two-year high, underpinned by concerns over drought in Brazil, while cocoa edged up on expectations of a global deficit and firm demand.
NEW YORK/ LONDON, March 12- New York coffee futures reversed course on Wednesday after setting a two-year high on weather-related concerns over output in top grower Brazil before edging lower as investors cut risk. The second-month ICE contract climbed to a two-year high of $2.0975 per lb before closing down 0.35 cent, or 0.2 percent, at $2.0530 per lb.
LONDON, March 12- Coffee prices suffered a modest setback on Wednesday after the prior session's rise to two-year highs, with a general reduction in investors' risk appetite prompting some to take profits. May arabica coffee futures on ICE were off 2.55 cents or 1.2 percent at $2.0310 per lb by 1345 GMT.
LONDON, March 12- Coffee prices suffered a modest setback on Wednesday after the prior session's surge to a two-year high, with a general reduction in the risk appetite of investors prompting some to take profits. May arabica coffee futures on ICE were off 1.55 cents or 0.75 percent at $2.0410 per lb by 1043 GMT.
*Cocoa underpinned by expected 2013/ 14 global deficit. NEW YORK/ LONDON, March 11- Arabica futures extended their steep rally on Tuesday, touching a two-year high as parts of top grower Brazil's coffee belt failed to receive enough rain, while robusta rose to a one-year high.
*Analysts see damage to Brazil coffee due to drought. LONDON, March 11- Arabica coffee futures rose over 2 percent on Tuesday to hit a two-year high and sugar hovered near a four-month peak on concerns over a drought in top grower Brazil.
*Cocoa dealers worry about quality despite good weather. NEW YORK/ LONDON, March 10- Arabica coffee prices on ICE climbed to a two-year high in light volume on Monday after top grower Brazil's parched coffee belt received less weekend rain than expected, raising the prospect of a 2014/ 15 global deficit. Cocoa was up a shade after nearing 2-1/ 2- year highs.
*Dry weather set to cut Brazil coffee crop for two seasons. LONDON, March 10- Coffee prices climbed to a two-year high on Monday as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.
LONDON, March 10- Coffee prices rose on Monday towards last week's two-year high as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.
*Poll pegs Brazil 2014/ 15 coffee crop at 48.9 million bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday as resistance near the key psychological level of $2 slowed a sharp rally triggered by dry weather this year in top grower Brazil.
*Poll pegs Brazil 14/ 15 coffee crop at 48.9 mln bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday, as resistance near the key psychological level of $2 slowed the sharp rally triggered by dry weather earlier this year in top grower Brazil.
NEW YORK/ LONDON, March 6- Arabica coffee futures on ICE remained volatile on Thursday, dropping from the previous session's steep two-year high on profit-taking as parts of top grower Brazil received much-needed rain, though forecasts for dry weather limited losses.
Andrea Illy, chairman and CEO of illicaffé, discusses the group's coffee bean buying strategy and reveals that the price volatility is "very difficult to manage."
NEW YORK, March 5- Oil slid further on Wednesday, weighing on a key commodities index, but gold, nickel and coffee prices rose as investor attention returned after a brief pause over the Ukraine crisis.
NEW YORK/ LONDON, March 5- Arabica coffee futures surged above $2 per lb for the first time in two years on Wednesday, on heavy investor buying as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market.
*Cocoa moves sideways, underpinned by firm demand. NEW YORK/ LONDON, March 5- Arabica coffee futures surged on heavy investor buying on Wednesday, nearing a two-year high as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market, while raw sugar jumped to a four-month high. Cocoa on ICE Futures U.S. and Liffe were firm.
This will be the year of the commodities comeback, says Jack Bouroudjian, Chief Investment Officer at Index Financial Partners, adding that gold prices could touch 1,500 by the end of this year.