date:Oct 10, 2012
kely to be smaller than this one, said Shawn Hackett, president of brokerage and consultancy Hackett Financial Advisors. Brazil has a biennial coffee cycle with alternating years of higher and lower output. Mr. Hackett has placed bets that prices of coffee for December delivery will rise and expects prices to hit $2 a pound by year-end.
But others believe Brazilian supplies will make their way out of local warehouses sooner rather than later, driving prices down. John Rich, a broker at Sarasota