Vournas Coffee Trading

News from the Cupping Table

 
February 29, 2008 Up, Up and Away!
For those counting and those interested, the C closed today (Friday, Feb 29) at 166.80 (effectively 1.67 p/pd).  The trek upwards continues with funds at the forefront of this run-up.  Recent noise from Brazil about a crop smaller than first thought made their way to the trading floor this week, the result being prices going up, up and away.  Stay tuned and we will keep you informed as things progress next week. 
Posted by Michael Vournas