March 05, 2013 at 16:27 PM EST
Coffee Dives On 2013-14 Brazil Crop Projections
Coffee growers in Brazil, the world's largest producer, will harvest a record crop for a season in which trees enter the lower-yielding half of a two-year cycle, according to growers cooperative Cooparaiso. May coffee fell 5.50 cents to $1.4115 per pound. Production will be 47 million to 48 million bags in the 2013-14 season, Francisco Ourique, a manager at the cooperative in Sao Sebastiao do Paraiso in the state of Minas Gerais, said. That's down
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