Gourmet Coffee Shop
FRESH ROASTED COFFEE TASTES BETTER!
If the coffee you buy from Bello Montana Roasters is not the absolute best coffee you have ever tasted, we will refund your money. No questions asked.
Thursday, September 15, 2005
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Coffee Futures Tumble On Safe Supplies
NEW YORK (Reuters) - U.S. coffee futures fell 6 percent to a 10-month low Wednesday amid reports that nearly half of the bags of unroasted coffee in New Orleans seemed to have escaped Hurricane Katrina undamaged. The New York Board of Trade's benchmark December arabica coffee contract tumbled 6 cents to 94.75 cents a pound, the lowest settlement since Nov. 12 when it ended at 91 cents. Last week, market worries about damage to the 1.6 million 132-pound bags of beans warehoused in New Orleans, home to nearly a third of the nation's supply of unroasted beans, fueled an 11 percent rise in prices. "We are seeing the market take back that premium," said Boyd Cruel, senior analyst at Alaron Trading. "We are getting some roaster buying supporting the market but it's light. More than anything it's just long liquidation right now," he added.
:: Posted by: Bello Montana Roasters at 9:17 PM
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