date:Jun 04, 2014
r months.
Arabica coffee for July delivery fell 2.9% to settle at $1.7235 a pound at yesterday on ICE Futures US in New York. A close at $1.7184 would be 20% below this years settlement high of $2.148 on April 24, meeting the common definition of a bear market.
Best Performer
Prices surged 56% this year as Brazils drought made coffee 2014s best-performing commodity. An unprecedented three months with almost no moisture prompted Marex Spectron to forecast the first global shortage in five year