27.02.2015 - Coffee ETFs Tumble, What's Behind the Slump?
Coffee - a top-performing commodity in 2014 - returned a fabulous 50%. The winning streak continued into the New Year as drought conditions in Brazil - the primary driver of coffee's incredible run-up last year - continued to play foul. Brazil is the world's top coffee producer and supplies about one-third of the world's coffee. However, coffee prices have recently been badly hit, falling to their lowest levels in a year as improving weather conditions in Brazil took investors by surprise. Moreover, there are expectations of more rains going forward. This has raised fears of abundant supplies, dragging coffee prices lower...............................................Full Article: Source
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