1. Also driving prices lower is speculation that damage to the Mexican coffee crop from Hurricane Pauline is not as severe as expected. 2. But the fact that they did so with profits earned from their coffee crop is nearly a miracle. 3. Coffee crops in other South American countries are also expected to be smaller, Bozzo said. 4. Coffee crops in key countries, such as Colombia, Venezuela and Guatemala, have been damaged by heavy rains. 5. Coffee prices rose amid concern a mass of cold air could reach coffee crop regions in Brazil, damaging trees for the second time in three years. 6. COFFEE FUTURES INCREASE A report by the Agriculture Department, which said a poor coffee crop in Colombia would keep world supplies tight, sent futures prices rising. 7. Coffee prices could rise as traders assess damage to the Mexican coffee crop caused by Hurricane Pauline. 8. Forecasters said more rain is needed for developing coffee crops in parts of Mexico, Central America and Colombia. 9. In Central and South America, dry conditions may reduce the coffee crops, raising prices in America. 10. In Guatemala, coffee crops are being harvested in the lower elevations, Glenister said. |