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Coffee prices ease further

Oct. 07, 2019 11:56 AM ETMCD, KO, SJM, JVA, JO, NSRGY, DNKN, KHC, TTAEY, QSR, KDPBy: Clark Schultz, SA News Editor32 Comments
  • Robusta coffee prices fell another 2.8% today to reach the lowest price level since 2010. Higher coffee production in Colombia and a strong flowering of crops in Brazil has pressured the market.
  • So far this year the rate of both Robusta and Arabica bean production have outpaced the ~2% rise in global coffee consumption.
  • The iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEARCA:JO) is down about ~14% YTD.
  • Related stocks: Coffee Holdings (NASDAQ:JVA), Dunkin' Brands (NASDAQ:DNKN), J.M Smucker (NYSE:SJM), Tata Global Beverages (OTC:TTAEY), McDonald's (NYSE:MCD), Costa Coffee (NYSE:KO), Tim Hortons (NYSE:QSR), Nestle (OTCPK:NSRGY), Keurig Dr Pepper (NYSE:KDP), Kraft Heinz (NASDAQ:KHC).

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