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Coffee prices may fall on concerns of large crops expected in Central America and Vietnam. Biggest since 2000

Thursday, September 1, 2011

Coffee may fall in New York and London on concerns high prices will dent demand as large crops are expected in Central America and Vietnam.

Countries in Central America will produce 13.4 million 60-kilogram bags of coffee in the 2011-12 season, according to the US Department of Agriculture, the highest since the 1999-2000 crop.

“Coffee is down on concerns the price has moved too high, too fast and commercial interest could be tailing off given high levels,” an analyst said.

Original source: Bloomberg