Winner Becomes Loser as Rain Revives Brazil Coffee Supply
By Marvin Perez, Luzi Ann Javier and Gerson Freitas Jr
Bloomberg News, December 30, 2014
Coffee, the best-performing commodity of 2014, is ending the year in a bear market that shows few signs of ending.
Prices that doubled this year by October fell 12 percent in the past two months as rains aided parched trees in Brazil, the world's top grower. November was the wettest month of the year, after the worst dry spell in eight decades forced Starbucks Corp. and Folgers to charge more for their coffee.
