Getting your player ready...
NEW YORK — Coffee, the best-performing commodity of 2014, is ending the year in a bear market that shows few signs of ending. Prices that doubled this year by October fell 13 percent in the past two months as rains aided parched trees in Brazil, the world’s top grower. November was the wettest month of the year, after the worst dry spell in eight decades forced Starbucks and Folgers to charge more. Ecom Agroindustrial predicts the 2015 crop will be at least 25 percent bigger than the National Coffee Council’s July forecast, and farmers are exporting more as Brazil’s currency weakens against the dollar. Arabica-coffee futures fell 12 percent in December to $1.6515, paring this year’s advance to 49 percent.
