Monday, June 25, 2007

Coffee Plunges Most Since October as Mild Weather Eases Brazil Frost Risk

(Bloomberg) -- Coffee plunged the most since
October in New York as mild temperatures and dry weather ease
concern that crops may be damaged in Brazil, the world's largest
producer.

Temperatures during the next five days will drop as low as
the upper-40s Fahrenheit (9 degrees Celsius), warm enough to
avoid frost, according to Meteorlogix LLC in Woburn,
Massachusetts. Brazil's harvest is from April to October.


Read more at Bloomberg Commodities News

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