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Coffee prices fall on concern sagging economy will curb demand

Posted on 14 November 2008

From Bloomberg: Coffee prices fell from a four-week high amid concern the slumping economy will erode consumer demand. Cocoa rose. First-time claims for U.S. unemployment benefits rose last week to the highest level since 2001, when the economy was last in a recession, the Labor Department said today.

Payroll losses at companies from Citigroup Inc. to Circuit City Stores Inc. mean jobless claims will probably rise further, squeezing consumer spending and threatening a protracted downturn, economists said…… Full Article: Source


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