Coffee buzzed

摘要

Talk about a caffeine jolt. Coffee prices soared 25% in June due to a temporary supply shortage of Arabica beans before dropping back a bit in July. Analysts say that conditions should return back to normal, however, and expect prices to head down through mid-August.rnSpencer Patton, chief investment officer, Steel Vine Investments, says that a disappointing Colombian crop contributed to the supply shortage. "Brazil's harvest is alle-rnviating the supply conditions slowly but surely, but the Brazilian harvest doesn't produce as high quality beans, so the supply shortage [was] reflected in a spike of the price. Many large traders were short [in the market], so [there was] a combination between a little bit of a supply shortage as well as a lot of short covering."