date:Jul 14, 2014
Coffee futures plunged 5.7 percent to a 20-week low on speculation that demand will ease as more supplies become available from Brazil, the worlds top producer and exporter.
Drier weather in coming days will aid Brazils harvest, MDA Weather Services in Gaithersburg, Maryland, said in a report. Mid-July is the peak period for collecting beans in the South American nation, while demand typically slows during summer in the Northern Hemisphere, said Christian Wolthers, the president of Wolthers Dou