NEW YORK, NY -- (Marketwire) -- 05/07/12 -- Coffee stocks after a good start to the year have cooled off significantly. Coffee prices have been near record lows but are expected to rise in the near future. Brazil, home to roughly one-third of the world's coffee beans, has been experiencing some major problems with their current harvest. The Paragon Report examines investing opportunities in the Coffee Industry and provides equity research on Starbucks Corporation (NASDAQ: SBUX) and Coffee Holding Co., Inc. (NASDAQ: JVA).
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Brazil was expected to produce one of the largest crops of Arabica beans on record, and prices have dropped as much as 21 percent as a result. But recent dry weather has produced doubts about the Brazilian harvest. Government estimates of just over 50 million 60-kilogram bags fell under private estimates of 60 million bags. With prices near 17-month lows there are also growing concerns that farmers in Brazil will hold their supplies off the market in an attempt to force prices higher. Farmers in Vietnam, the second largest producer, used the same tactic with successful results for their supplies of robusta beans. Prices for robusta beans in London have gained 14 percent this year.
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Starbucks have announced they will sell two new K-Cups for use in Green Mountain Coffee's keurig brewers after "robust sales. In an e-mail to employees obtained by Bloomberg News Starbucks CEO Howard Schults said "I cannot analyze or comment on the company's performance, which disappointed the Street, but I did want to share with you that Starbucks relationship with Green Mountain remains as strong as ever,"
Coffee Holding is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. The company recently announced an investment in HealthWISE Gourmet Coffees, LLC a coffee distributor specializing in a TechnoRoasting process that results in a coffee with lower acidity levels. The Company is investing $100,000 for an aggregate 20% interest in HealthWISE.
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