Coffee Rises Most in Seven Weeks in New York on Weakening of U.S. Dollar

(Bloomberg) -- Coffee rose the most in seven weeks
in New York as the weakening U.S. dollar made futures more
affordable to buyers holding other currencies.

The dollar today touched $1.3852 against the euro, a record
low. The New York Board of Trade's dollar index, a gauge of the
currency's international value, fell to the lowest since
September 1992.


Read more at Bloomberg Commodities News

Coffee Little Changed as Dry Weather Reduces Threat of Frost in Brazil

(Bloomberg) -- Coffee was little changed in New York
as forecasts for dry weather eased concerns that frost would
damage the crop in Brazil, the world's largest producer.

Temperatures in Brazil's coffee-growing areas are expected
to be near to above normal, with lows in the middle 50 degrees
Fahrenheit (13 degrees Celsius), according to Meteorlogix LLC in
Woburn, Massachusetts. A ridge of high pressure over northern
Argentina is expected to move across southern Brazil this week,
posing no threat to the coffee belt, the forecaster said.


Read more at Bloomberg Commodities News

Harbinger trimmed Doutor stake amid proxy fight

(Reuters) - The decrease in Harbinger's stake overlapped with Doutor's
annual shareholders' meeting on June 28 when Harbinger failed to
convince other investors that Japan's largest coffee chain would
be better off on its own by accelerating store openings and
targeting customers like those of Starbucks Coffee Japan
.




At the meeting, 82 percent of shareholders voted in favour of
the merger.


Read more at Reuters.com Mergers News

Coffee Declines in New York as Mild Temperatures May Boost Brazil's Crop

(Bloomberg) -- Coffee declined in New York as mild
temperatures ease concern that crops might be damaged by frost
in Brazil, the world's largest producer.

Forecasts signaled favorable harvest weather with no
damaging cold expected this week, according to Meteorologix LLC
in Woburn, Massachusetts. Temperatures will hover slightly above
normal with lows mostly in the 50s Fahrenheit (11 to 15
Celsius), and they may drop over the weekend before climbing
again on July 2, the forecaster said.


Read more at Bloomberg Commodities News

Coffee Plunges Most Since January as Mild Weather Eases Brazil Frost Risk

(Bloomberg) -- Coffee plunged the most since
January in New York as mild temperatures and dry weather ease
concern that crops may be damaged in Brazil, the world's largest
producer.

Temperatures during the next five days will drop as low as
the upper-40s Fahrenheit (9 degrees Celsius), warm enough to
avoid frost, according to Meteorlogix LLC in Woburn,
Massachusetts. Brazil's harvest is from April to October.


Read more at Bloomberg Commodities News

Coffee Climbs to One-Week High on Shrinking Inventories in U.S., Vietnam

(Bloomberg) -- Coffee rose to a one-week high in
New York as shrinking inventories in the U.S. and Vietnam, the
world's second-largest producer, revived speculation that demand
will exceed output this year.

Stockpiles of raw, unroasted coffee in the U.S. fell by
92,242 bags, or 1.6 percent, to 5.68 million bags in May from
April, the first decline this year, the New York-based Green
Coffee Association said June 15. Tight supplies of robusta
coffee from Vietnam, the biggest producer of that variety, have
pushed futures traded in London to the highest since 1998.


Read more at Bloomberg Commodities News

Coffee Production Climbs in Central America, Fortis and VM Group Say

(Bloomberg) -- Coffee production is rising in
Central American countries to meet climbing demand, boosting
projections for global output, Fortis and VM Group said in a
report.

Worldwide production will be 121.2 million bags in the
current crop year, above a May 2 forecast of 119.9 million bags,
Brussels-based Fortis and London-based VM Group said.


Read more at Bloomberg Commodities News

White Sugar and Coffee Gain on Euronext.liffe in London; Cocoa Unchanged

(Bloomberg) -- White sugar and coffee futures gained in London. Cocoa was unchanged.

Sugar futures climbed 70 cents, or 0.2 percent, to $321.20 a metric ton as of 9:44 a.m. local time on the Euronext.liffe exchange.


Read more at Bloomberg Commodities News