29 August 10:50 AM
In Nicaragua coffee yield may fall short of expectations. Stormy weather has not left the region alone – strong wind and mighty downpour have had a negative impact on the yield.
This marketing year finishes on September 30. The yield of coffee beans may amount to 91 800 tons. This is 13 percent less than predicted in January, when the yield was supposed to amount to 105 600 tons.
Last year 100 200 tons of coffee was gathered in Nicaragua. Next year the yield may slightly differ from this season’s results.
Last week price for Arabica has dropped by 0.2 percent; on August 24 quotations have risen by 0.6 percent, having amounted to 1.629 dollar per pound.
The chart below reflects the current state of affairs with coffee future:
You are free to discuss this article here: forum for traders and investors
US stock indices are trading without any major moves as they cannot find common dynamics. Yesterday, Standard & Poor's 500 dropped down to the local low, which can affect other stock indices. However, most indices are currently trading in the green zone.
European stock indices have started this trading week positively and are currently trading in the green zone. Some indices keep making new 5-year highs.