date:Apr 10, 2014
knows the extent of the losses, Stefan Uhlenbrock, a senior analyst at F.O. Licht in Ratzeburg, Germany, said in a telephone interview. This will not be resolved until the harvest is completed by September, in Brazil, he said.
Arabica coffee for May delivery jumped 1.6% to settle at $1.965 a pound on ICE Futures U.S. in New York, after reaching $2.028, the highest for a most-active contract since March 14. A bag weighs 60 kilograms, or 132 pounds.
If the worst-case scenario materializes, we c