date:Apr 10, 2014
ould have a severe global-supply deficit in 2014-2015, and that could send prices to $3 before the end of the year, Uhlenbrock said.
Prices have surged 78% this year amid the Brazil drought. Now, the prospect of an El Nino weather pattern is next threatening a deluge that could bring too much rain and hurt production for next seasons crop.
Coffee is stuck between a rock and hard place at the moment, Arthur Liming, a Chicago-based futures specialist at Citigroup Inc., said in e-mailed report. I