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...