Commodity Blog

Coffee fell on the sign of falling demand. At the same time, supply increased and the ICE-monitored inventories posted the first weekly gain since October 2008, rising 1.2 percent in April. Rodrigo Costa, vice-president of institutional sales at Newedge said that the prices, offered by exporters for mild-bean, were the lowest in about three years. Contract for delivery of Arabica coffee in July fell $0.007 (0.2 percent) to $2.8755 per pound by 14:00 on ICE. Prices slipped 4.1 percent this week.

Silver ended this week posting the 27 percent drop, the biggest weekly decline since at least 1975. On the other hand, gold rebounded, ending three days of losses. The difference between the performance of the yellow metal and the white metal can be explained by the higher margin requirements for silver futures on COMEX. Futures for delivery of silver in July dropped $0.953 (2.6 percent) to $35.287 per ounce as of 14:11 on COMEX. June futures for gold delivery gained $10.20 (0.7 percent) to $1,491.60 per ounce.

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