date:Jul 08, 2014
abica, the variety favoured for specialty drinks such as those made by Starbucks Corp., settled at $1.718 a pound on ICE Futures U.S. in New York on July 3 for an advance of 55 per cent in 2014.
The global market, including arabica and robusta, will have a shortage of 11.3 million bags in 2014-2015, the most in more than a decade, from a surplus of 4.7 million bags this year, Volcafe, a unit of trader EDF Man Holdings Ltd., said June 3. The estimate takes into account production losses from a d