Consumption of This Hot Commodity Is Up 1,800% in South Korea
Coffee was one of the commodity sector’s worst performers in 2012 shedding 36.6% of its value and cleaning even the most inveterate bulls out of the market. Don’t look now but this market could be setting itself up for a big wake-up call in 2013. Growing global demand—especially from the population-heavy nations of Asia—as well as the peculiarities of the two-year coffee growing cycle of the world’s largest coffee exporter Brazil could give this market an unexpected jolt this year. Coffee is one of the most heavily traded global commodities right behind crude oil. It is also notoriously volatile. ...
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