date:Feb 24, 2014
coffee vaulted to the highest level for more than one year, fuelled by fears over falling harvests in top producer Brazil. There's no end to the crazy situation on the Arabica coffee market, said Commerzbank analysts.
Arabica jumped Thursday to 177.50 US cents, the highest level since October 2012. Robusta touched a ten-month peak at $2,019. At 175 US cents per pound, Arabica coffee is now more expensive than at any time in the past 16 months, added Commerzbank analysts. It is still the fear o