COPAL COCOA Info
Coffee prices sold off from a June 30th 5-month high on bearish factors that include (1) dollar strength and general commodity selling, (2) ICO’s forecast for a 8.5% hike in global coffee production in 2008/09 to 128 mln bags from 118 mln bags in 2007/08, and (3) the USDA’s forecast of a 36% y/y rise in Brazil’s harvest starting July to ... ................
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