good news. coffee prices are falling.
credit suisse group has cut its 3-month and 12-month
price forecasts for arabica coffee traded on
'i.c.e. futures u.s.' in new york.
arabica coffee will be $2.20 a pound in three months and $2 in
12 months. that compares with august estimates of $2.85
and $2.40, the bank said.
this year, coffee production is likely to come in fairly
high, driven by a solid crop in brazil, and colombia’s
coffee output is also recovering.
so, does this mean i'll be drinking a less expensive
brewski in the morning?
no.
why?
dunno.
