Arabica coffee prices can vertical pin up to a record $ 4 a pound

Arabica coffee prices can establish a "vertical pin up"to a record $ 4 a pound at the end of the first quarter with a daily profit of 50 cents per pound after surging to a 13 year old boy a week Last, the researcher said Shawn Hackett.

Coffee is no longer a "commodity value" and roasters face a "demand rationing orgy panic, " wrote Hackett, president of Hackett Financial Advisors Inc. in Boynton Beach, Florida, in a report dated 18 December. Robusta coffee prices traded in London may rise to $ 2,500 per tonne on the growing demand in Asia and the lack of production growth in Vietnam, the world's largest producer of grains, Hackett said via email yesterday.

The rains in Latin America is likely to maintain coffee production output over the past two years, according to Hackett. Arabica coffee will probably end the year at $ 3 a pound, said Hackett.

Coffee futures in New York on Dec. 17 jumped to 13 year high of $ 2,267 a pound. Robusta coffee in London closed the week at $ 1,986 a tonne.

Rice, cocoa, timber, milk and natural gas are products that still have "pockets of value, " according to Hackett. Continued Commodity Index of 17 commodity futures likely to rise to a record year-end, said yesterday in e-mail. The index closed at 603.35 on December 17 and the high is 615.04 on 3 July 2008.