Article Image

IPFS News Link • Economy - Economics USA

Rabobank Warns Coffee Prices May 'Soar Out Of Control' As Stockpiles Plunge

• Zero Hedge

Goldman's head commodity strategist and one of the closest-followed analysts on Wall Street told the audience of Bloomberg TV last Monday of commodity markets pricing in shortages. 

"I've been doing this 30 years and I've never seen markets like this," Currie told Bloomberg in an interview. "This is a molecule crisis. We're out of everything, I don't care if it's oil, gas, coal, copper, aluminum, you name it we're out of it."

This leaves us with one particular commodity that most Americans use daily, and it's not crude products, such as gas and diesel, but, in fact, coffee. Over 150 million daily drinkers might be subjected to prices that may 'soar out of control,' according to a new report from analysts at Rabobank, led by Carlos Mera. 


musicandsky.com/ref/240/