Vournas Coffee Trading

News from the Cupping Table

 
April 22, 2008 C Market Developments

As of today, the C market closed for July 08 at 136.35.  Still above where we have been resting comfortably for the past years, but down a bit from the heights of the past month or two.  All speculation moves - nothing firm due to physical conditions which might affect coffee pricing.  Some holdouts amongst growers/exporters for outright price contracts on deliveries, but everyone is rolling with the flow. 

 

Due to current increased prices for oil, expect higher delivery costs, both ocean freight (which has doubled in less than 2 years) and commercial trucking freight fuel surcharges for movement from our warehouse to your shop. 

 

We are entering the Brazil frost season, although much of the coffee is currently grown North of where it could be damaged.  There is always, especially with our whacky weather these days, the possibility of a freak, damaging cold event.  One thing you can rest certain of: Anything close will result in the Brazilians getting the word out to cause or, shall I say help create, price fluctuations in their favor... 

 

This will be an interesting next several months/years as the investment funds have again become entrenched in commodities.  As always, we will keep you informed of changes in the market as they arise.  Happy Roasting.

Posted by Michael Vournas