‘Now is time to sell’ as coffee market peaks

The rally that drove arabica coffee prices up 50 percent in a year may be ending as record production in Brazil, the highest output in a decade in Central America and a rebound in Colombia’s crop boost exports.

“I’m saying to the producers that now is the moment to sell,” said Ricardo Villanueva, the president of Guatemala’s National Coffee Association, known as Anacafé.

“We could have these prices until March or April, but no more than that.”

Fuente: Bloomberg