Other Commodities As the Brazilian real falls 9.4 percent to its lowest point in 4 years at 2.25 per U.S. dollar and coffee prices continue to fall with output exceeding demand, “Brazilian exports of green, or unroasted, coffee will expand 5.8 percent to 29 million bags in the 2013-2014 crop year.” Already, shipments for the first-half of the year stand 20 percent higher year-on-year at 803,000 metric tons. After reaching its highest point since Oct. 1997 of $1.1133 a pound, wholesale pork prices are expected to go higher as concern over the porcine epidemic diarrhea virus, which has been reported in at least 13 U.S. states, grows. Dry weather throughout east central portions of the Ivory Coast had cocoa prices climbing to a 3-week high of 1,521 pounds a ton in London on Thursday, as concerns over crop delays rise.
Posted on: Sat, 06 Jul 2013 13:42:59 +0000