COPAL COCOA Info
March Nybot Arabica coffee prices rose to a 3-1/2 month high, correcting upward from last month’s 1-1/2 yr low. Bullish factors include (1) the plunge in Columbian coffee inventories to a 17-month low as Colombian coffee production in 2008 fell -9% to 11.5 mln bags, and (2) ICO’s 2009-10 forecast for a 5 mln bag world coffee deficit. ................
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