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Honduran coffee beans are receiving premiums because of delays following rains

Monday, December 19, 2011

Sellers are demanding a premium for coffee from Honduras, Central America’s largest producer, reversing a discount last week, as rains delay bean arrivals, according to Volcafe, the coffee unit of ED&F Man Holdings.

Honduran beans are at a premium of 5 cents a pound to the price on the ICE Futures US exchange in New York, up from a discount of 2 cents a pound last week.

“A cold front and some rains are further delaying the arrival of the coffee,” Volcafe said.

Original source: Bloomberg