The ICO (International Coffee Organisation) composite indicator price fluctuated between a range of 101.99 -106.17 US cents/lb during the month compared to 103.92 - 109.09 US cents/lb in January.
“The ‘El Nino’ phenomenon, which had decreased in intensity in December 2006, became slightly stronger in January 2007 before slackening again in February,” said the organisation.
“It is still too early, however, to assess its impact on the coffee economy. In relation to the Brazilian situation, information received from EMBRAPA indicates that coffee producers are currently concerned about the unseasonable flowering of coffee trees.”
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Posted by beanybabe at 12:20 AM PDT
