Brazil coffee production slump continues


Brazil coffee production could end up down 18% Y/Y when the harvest ends next month. A severe drought in the nation has destroyed a large swath of crops.

The shortfall in the nation is included in a forecast from Citigroup that calls for a global coffee deficit which could last until 2016 and pressure prices.

Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN

Related ETFs: JO

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  • Michael Bryant
    , contributor
    Comments (7059) | Send Message
     
    Avoid (NASDAQ:JVA) unless you plan the quick trade.

     

    (NASDAQ:GMCR) looks good. (NASDAQ:SBUX) is always good.
    26 Aug 2014, 10:58 PM Reply Like
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