date:Apr 24, 2014
utures traded at $2.163 by 4:17 p.m. in Singapore today.
Rising Volatility
Prices have surged 95% this year after the Brazilian drought. Now, excess rain threatens to slow the nations harvest and reduce crop quality, Sao Paulo-based Somar Meteorologia said yesterday.
Expanding drought damage has prompted analysts to lower harvest estimates. Coffees 60-day volatility was near 61, the highest since 2000.
Crop losses may rise as high as 35% in southern Minas Gerais, the leading producer in Braz