Coffee Futures Decline to Nine-Week Low as Brazil Exports Climb

2014-12-02 21:25:05.184 GMT

By Luzi Ann Javier

Dec. 2 (Bloomberg) — Arabica coffee for March delivery falls 3.7% to $1.834/lb on ICE Futures U.S. in N.Y. after touching $1.832, lowest for most-active contract since Sept. 26.

* Exports from Brazil, world’s largest producer and shipper, climbed to 2.86m bags in Nov. from 2.71m yr earlier, govt says yday

* Shipments from Honduras, largest exporter in Central America, surged to 104,612 bags in Nov. from 48,328 bags yr earlier, industry group said yday

* “That tells us that coffee has been in the pipeline,” Christian Wolthers, CEO of Fort Lauderdale, Fla.-based importers Wolthers Douque, says in telephone interview * “There’ s lack of demand for spot coffee” after roasters secured enough this month, he says

* NOTE: Bag weighs 60 kg, or 132 lb
* Raw-sugar futures for March delivery decline 2.2% to 15.24c/lb after touching 15.21c, lowest since Sept. 8

* Cocoa futures for March delivery drop 1.3% to $2,859/mt
* Cotton futures for March delivery rise 0.3% to 59.38c/lb
* Orange-juice futures for Jan. delivery fall 0.5% to $1.4575/lb