Monday, July 23, 2007

Coffee Falls in New York as Concern of Crop-Damaging Frost in Brazil Eases

(Bloomberg) -- Coffee fell the most in more than a
week in New York as concerns faded that a frost could develop
this week in Brazil, the world's largest producer.

A cold air mass expected to move into Brazil won't produce
freezing temperatures, said Dale Mohler, a meteorologist with
AccuWeather Inc. in State College, Pennsylvania. Temperatures in
northern Parana and Sao Paulo will turn colder July 26 and fall
as low as 37 degrees Fahrenheit (3 degrees Celsius), the
forecaster said.


Read more at Bloomberg Commodities News

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