(Bloomberg) -- Coffee futures in New York climbed to
the highest in five weeks on concern that Brazil's crop, the
world's largest, will decline, tightening supplies.
The country's May 10 forecast for a 2007 harvest of 36.7
million bags was less than traders forecast, said Jaime Menahem,
a trader with Alaron Trading Corp. in Miami. The output from the
harvest running through October was trimmed from earlier
government forecasts.
Read more at Bloomberg Commodities News
the highest in five weeks on concern that Brazil's crop, the
world's largest, will decline, tightening supplies.
The country's May 10 forecast for a 2007 harvest of 36.7
million bags was less than traders forecast, said Jaime Menahem,
a trader with Alaron Trading Corp. in Miami. The output from the
harvest running through October was trimmed from earlier
government forecasts.
Read more at Bloomberg Commodities News
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