John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (4921)	10/19/2001 10:58:57 AM
From: Lee Lichterman III	Read Replies (1) of 33421

Regarding coffee - The FA that is holding down coffee prices is Vietnam which planted it as a cash crop a few years ago. Those fields are now yielding very well and suppressing the price as they flood the market with cheap coffee beans. While true that their coffee is no where near as good in quality as Brazil beans, many manufacturers are blending the cheap stuff in with the good stuff and no one is complaining. I doubt coffee will jump unless a storm or strange weather front affects Vietnam. May want to do a google search on coffee and Vietnam to read up on it. Basically South America used to have a monopoly on coffee but it has now gone away thus the pressure on prices. If you think people in South America work cheap, you should see what farmers in Vietnam can live on. Good Luck, Lee

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