Record Brazil coffee harvest pushes commodity price lower

Note: This section contains information in English only.
Source: Bloomberg
Coffee futures slipped about 50% since a 14-year peak at May 2011. Market price was pushed down by a surging Brazilian supply of Arabica coffee. In 2012 the harvest reached an all time high or 55.9 million 60-kilogram bags. According to analysts estimates Brazilian farmers will supply 50.8 million of bags in 2013 and push the price even lower - the price may fall about 13% to $1,311 a pound by the June 30, 2013.
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