Bloomberg – Coffee may extend gains from near a 13-year high as hedge funds and other speculators add to wagers that prices will climb amid a production shortfall, an Indian exporters’ group said.
Prices of arabica and robusta beans may climb as much as 10 percent in the next two months as the “balance” is in favor of demand, said Ramesh Rajah, president of the Coffee Exporters Association of India.
