(Bloomberg) -- Coffee rose in New York on
speculation that a rally in the Brazilian real is discouraging
exports of dollar-priced commodities from Brazil, the world's
largest producer.
The Brazilian currency has gained 12 percent this year
against the dollar. As of yesterday, Brazil's coffee exports had
fallen 5 percent this month to 1.48 million bags, from the same
period in June, said Cecafe, the country's council of coffee
exporters.
Read more at Bloomberg Commodities News
speculation that a rally in the Brazilian real is discouraging
exports of dollar-priced commodities from Brazil, the world's
largest producer.
The Brazilian currency has gained 12 percent this year
against the dollar. As of yesterday, Brazil's coffee exports had
fallen 5 percent this month to 1.48 million bags, from the same
period in June, said Cecafe, the country's council of coffee
exporters.
Read more at Bloomberg Commodities News
No comments:
Post a Comment