29th July 2010, 13:28
The raw coffee prices have increased by 30 percent through July, the hope is now on the Brazil crop
Vienna - The world market for coffee has great turmoil currently suspended. Concerns about shortages of the Robusta and Arabica varieties, the prices were on the commodity exchanges in London and New York in the year by 30 percent to skyrocket. Simultaneously, the worldwide coffee consumption, since the year 2000 world quarter.
By the International Coffee Organization (ICO), calculated average price for green coffee in June 2010 rose to 142.2 cents per pound - that's the highest number since the price monitor is created. Compared with June 2009 (119.1 US-Cent/Pfund), this means an increase of 20 percent. By the end of July is the raw coffee price continued to rise to 153.4 cents, an increase of 30 percent over the previous year.
Record prices for arabica beans
Especially high-quality Arabica beans achieved record prices: with 224.5 cents in June 2010 we had a pound for Arabica pay more than twice as much as four years ago (2006: 105.8 US-Cent/Pfund). As a special cost for the European coffee sector is the weak euro against the dollar added. This is of course good news for people having coffee for sale offered to these markets.
