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In this section we give you market comments at the cutting edge and other important news straight from the trading floor.

The two largest players in the coffee market are Brazil and Vietnam.  Weather, drought, crop sizes etc all have a big influence on global prices.

Market Comment for the week commencing 6th March 2009

 

A fairly quiet week as people remain confused on the cost of coffee - £/$ - NYC and that’s before they start on the other problems faced in this current climate.

New York wanders lower as the difficulties in Colombia appear to be overcome by the huge extra buying directed towards all the other South & Central American origins. The bulk of these origins have sold out and with the extremely high differentials being paid they are surely in for a good year.

London has come in and with the weight of coffee being delivered against the new contract – the levels we see today are much more realistic. Demand for Robusta remains high and perhaps the economic effects are being translated into the coffee blends? Brazil looms over all the producers as her ability to sell in huge clips and big discounts remains the over bearing factor in the market. Sterling remains quiet and weak against all – while the strength on the Dollar would be at best negligible. The power of the Euro appears to be coming more to the fore and this would appear to only be more evident as we progress through 2009. .