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FT: Coffee and Sugar prices to "explode"

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FT: Coffee and Sugar prices to "explode"

Unread postby wisconsin_cur » Sun 10 May 2009, 21:41:40

$this->bbcode_second_pass_quote('', '')We are in a dangerous situation,” Andrea Illy, chief executive of Italy’s leading coffee ­company, told the Financial Times, warning that prices could “explode” due to supply shortages.

His comments echo those of other industry players – and point to a sharp shift in sentiment among analysts.

Until recently, it was widely assumed that the global economic crisis would damp consumption and prices for coffee. However, that forecast proved wrong, since demand for coffee has remained high, even while consumers have moved from cafés to home drinking.

International coffee prices last week hit a seven-month high, rising to $1.28 per pound, up 22 per cent from their December low, in New York trading.


http://www.ft.com/cms/s/0/64955332-3d90-11de-a85e-00144feabdc0.html
http://www.thenewfederalistpapers.com
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby patience » Mon 11 May 2009, 00:15:53

Thanks, Cur.

I'll be buying both tomorrow!
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby Gorm » Mon 11 May 2009, 04:32:32

And sugar, why is that up?

And, this is normal supply - demand problems. No biggie
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby wisconsin_cur » Mon 11 May 2009, 09:34:23

$this->bbcode_second_pass_quote('Gorm', 'A')nd sugar, why is that up?


You could click on the link but if you need it served to you,
$this->bbcode_second_pass_quote('', '
')Separately, sugar prices in New York and London rose last week to their highest in almost three years. White sugar prices rose above $450 a tonne, a 52 per cent gain from mid-December, as traders bet that India, the world’s largest consumer, will require hefty imports to compensate for the failure of the local crop.

Swings in Indian sugar output, which move the country back and forth from exporter to importer, are a critical factor in global prices. Traders forecast that the country’s output will drop 40 per cent to about 15m tonnes in the 2008-09 season, well below the country’s consumption of about 23m tonnes a year.


$this->bbcode_second_pass_quote('Gorm', 'A')nd, this is normal supply - demand problems. No biggie


That is why I put it in open discussion.
http://www.thenewfederalistpapers.com
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby ForlornHope » Mon 11 May 2009, 16:00:50

You know, watching the folks drone into Starbucks in the morning before hitting work, the though occured to me that much of Western Civilization would collapse without coffee and sugar. Forget PO, Coffeaggedon would be far worse. :twisted:
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby MD » Mon 11 May 2009, 16:44:10

There's no need to fear!

$this->bbcode_second_pass_quote('', 'W')hen criminals in this world appear
And break the laws that they should fear
And frighten all who see or hear
The cry goes up both far and near
For Underdog! Underdog! Underdog! Underdog!

Speed of lightning, roar of thunder
Fighting all who rob or plunder
Underdog. Underdog!

When in this world the headlines read
Of those whose hearts are filled with greed
Who rob and steal from those who need
To right this wrong with blinding speed
Goes Underdog! Underdog! Underdog! Underdog!

Speed of lightning, roar of thunder
Fighting all who rob or plunder
Underdog. Underdog!
Stop filling dumpsters, as much as you possibly can, and everything will get better.

Just think it through.
It's not hard to do.
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Re: FT: Coffee and Sugar prices to "explode"

Unread postby IslandCrow » Tue 12 May 2009, 01:22:25

Dig for Victory (or for the early morning cup of.....) :roll:

How to Make Roasted Dandelion Root Coffee :http://www.prodigalgardens.info/dandelion%20coffee.htm

Disclaimer: I found this on the internet but have not tried it yet
We should teach our children the 4-Rs: Reduce, Reuse, Recycle and Rejoice.
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