April 27th, 2012

Coffee Futures – Buyers of coffee from Brazil, the world’s largest producer, are getting a bigger discount for beans as the new-crop harvest approaches, brokers said.

Fine cup beans for May and June shipment are trading at a discount of 8 cents a pound to the price on ICE Futures U.S. in New York, data from Rio de Janeiro-based broker Flavour Coffee showed. That compares with a 5-cent discount last week, according to the data.

Buyers of good cup beans for shipment in the same period are getting a discount of 15 cents a pound to the exchange price, up from 12 cents last week, Flavour Coffee said in a report e-mailed yesterday. Fine cup coffee is usually more expensive than good cup quality because of its taste profile.

Continue reading »