Summary Box: Coffee falls on supply expectations

AP News
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Posted: Mar 16, 2012 5:26 PM
Summary Box: Coffee falls on supply expectations

COFFEE BLUES: Coffee prices fell on expectations that Brazilian growers will produce a bountiful harvest. The price has fallen 19.3 percent this year, although consumers aren't likely to see much of a change at the retail level because manufacturers are coping with higher processing and shipping costs.

EVALUATING DATA: Traders evaluated fresh economic reports. Industrial production rose at a slower pace in March than in February and a hefty increase in retail gasoline prices pushed up a measure of consumer costs.

PRICE MIX: Gold, silver and copper fell. Energy products, wheat, corn and soybeans rose.