Coffee market review

Abstract

With continued dull trading, the month of February passed with little that was of interest on the New York Coffee Exchange. The nearby futures showed some decline, while the more distant months showed slight gains, which however did not offset the decline. It was more difficult than ever to get a clear picture of the Brazilian market situation, but the prospect of a bumper crop and the shadow of the tremendous unabsorbed surplus in that country discouraged active buying beyond current requirements.