Most markets were very good to bulls this year. Soft commodities, however, were a painful exception. In a sharp shift from the supply concerns of 2011 that had lifted prices of raw sugar, cotton and arabica coffee to multi-year highs, overstock was king in 2012.
Futures of arabica coffee, the world’s most widely consumed variety, plunged nearly 37% – one of the steepest declines across commodity markets – on ICE Futures U.S. this year. The culprit: big production………………………………………..Full Article: Source