ICE Coffee Futures : When a cuppa might land you in jail
March 7, 2011 Leave a comment
Coffee Futures – ICE USA Coffee to be exact (KC0Y) are trading at multi year highs, but should consolidate over the very near term. However the risk of coffee rallying another 15 to 20% in coming months is high, which will translate in to a 30-35% increase at your favorite coffee shop during the course of 2011. Luckily we can expect Thailand to introduce the “Coffee Police”, to add to the egg and oil officers already on the job. And serious they are – 7 years for selling a bottle of palm oil for a few Baht more than the control price. Should be a five stretch for charging too much for coffee we don’t doubt.