Coffee prices in Brazil and USA and the European law

According to giacaphe.com After the winter weather in Brazil was no longer something to talk about, the market talk began to shift to concerns that the recent drought in Brazil could cause coffee trees to flower early, reducing yields for the next crop. However, before we move on to other issues, which are the main topics of discussion in the market today in the weekend story, we need to take a look at the prices on the two exchanges at the end of trading on Friday. December arabica coffee ended the weekend session up 6.05 cents/lb and November robusta coffee closed up $74, at $4,452/t. Robusta coffee prices hit a three-and-a-half week high on concerns that the recent drought in Brazil could cause coffee trees to flower early. Cooxupe, Brazil’s top coffee cooperative, said coffee trees were still in shock as some growing regions in Brazil have not had enough rain in the past 120 days. Over the weekend, stocks of certified graded arabica coffee held in New York were reported to ...