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Friday, 25 February 2011

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Coffee May Jump 48% as Demand Can't Be 'Satisfied:' Chart of Day

  • Friday, 25 February 2011
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  • Coffee prices, which have doubled in the past year, may rally another 48 percent to the highest since at least 1972 as demand outpaces supply, according to Hackett Financial Advisors Inc. The CHART OF THE DAY shows that coffee has surged as demand grew in countries that ship the commodity, including Brazil, the world's biggest producer. Prices may climb to $4 a pound in 12 to 18 months as demand



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