BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Coffee demand outstrips supply; coffee stocks up for commodity squeeze?]]>http://www.bloggingstocks.com/2009/02/19/coffee-demand-outstrips-supply-coffee-stocks-up-for-commodity-s/http://www.bloggingstocks.com/2009/02/19/coffee-demand-outstrips-supply-coffee-stocks-up-for-commodity-s/http://www.bloggingstocks.com/2009/02/19/coffee-demand-outstrips-supply-coffee-stocks-up-for-commodity-s/#commentsFiled under: , , ,

Coffee is set to be "one of the most promising commodities of 2009," according to a leading Swiss commodities analyst, who predicts coffee prices will rise, likely squeezing the already-decaffeinated profits at Starbucks (NASDAQ: SBUX) and Kraft (NYSE: KFT), maker of Maxwell House, among other major coffee retailers. Current prices are $1.1305 a pound, only up a 0.9% on the year, but experts predict greatly increasing costs due to declining production in Brazil and Colombia. Coffee futures are currently at $1.20 per pound for December 2009 contracts, and $1.227 per pound for March 2010 contracts.

How much price runup are we talking? It could be increasing a whopping 50% to $1.70 per pound by June 30, according to former Merrill Lynch analyst Judith Ganes-Chase, who runs a consulting firm in Katonah, New York.

Continue reading Coffee demand outstrips supply; coffee stocks up for commodity squeeze?

Coffee demand outstrips supply; coffee stocks up for commodity squeeze? originally appeared on BloggingStocks on Thu, 19 Feb 2009 18:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>coffeecoffee beanscoffee supplyCoffeeBeansCoffeeSupplycommoditiesfeaturedkftkraftnestlesbuxstarbucksThu, 19 Feb 2009 18:22:00 EST<![CDATA[Brazilian exec expects int'l coffee prices to rise in near term]]>http://www.bloggingstocks.com/2006/07/06/brazilian-exec-expects-intl-coffee-prices-to-rise-in-near-term/http://www.bloggingstocks.com/2006/07/06/brazilian-exec-expects-intl-coffee-prices-to-rise-in-near-term/http://www.bloggingstocks.com/2006/07/06/brazilian-exec-expects-intl-coffee-prices-to-rise-in-near-term/#commentsFiled under: , ,

Coffee rose to over $1.00 per lb. in May and CEO Washington Rodrigues of Ipanema Coffees predicted prices will stay there 'til September or later because of "tight supply" he said in an informative interview (via easybourse.com) by Kenneth Rapoza of Dow Jones Newswires last month. So far they have, mostly: (NYBOT:KC). Rodrigues also sees international prices rising "in the near future, but worries the dollar will cut into [Ipanema's] margins, already some of the best in Brazil."

Though many think of Brazil first when it comes to countries that produce coffee, beans from that market have never been a major part of Starbucks' [SBUX]  offerings. In fact, Ipanema Coffees is the U.S. co.'s only current Brazilian supplier of coffee, selling them 200,000 bags of green coffee a year.

(For some inexplicable reason it's suddenly sweater-wearing weather again here in Seattle today, and so maybe that is why I keep finding myself surfing South American websites.)

Brazilian exec expects int'l coffee prices to rise in near term originally appeared on BloggingStocks on Thu, 06 Jul 2006 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>brazilcoffeecoffee brazilcoffee pricecoffee supplyCoffeeBrazilCoffeePriceCoffeeSupplygreen coffeeGreenCoffeesbuxstarbucksThu, 06 Jul 2006 16:45:00 EST