Surge in prices and low inventories herald coffee year
As the 2010/2011 coffee year arrives, forecasts are for a reduced world crop, and prices are registering the highest levels reached since August of 1997.
Prolonged rainfall in Vietnam, Indonesia, India, Colombia and the Central American countries have put pressure on the market as inventories fall to historical levels.
In addition, Brazil is expecting to harvest 36 million bags of coffee this year, down from 47.2 million in 2010 and 39.5 million the previous year.
Original source (in Spanish): El Periódico