Coffee Falls in New York on Increasing Stockpiles, Dry Weather in Brazil

(Bloomberg) -- Coffee fell in New York as
stockpiles reached the highest since October 2005 and forecasts
for warmer weather eased concerns of frost in Brazil, the
world's largest producer.

Inventories in warehouses monitored by the New York Board
of Trade rose to 4.22 million bags as of July 10, the 10th-
straight gain. Supplies have swelled 27 percent in the past year
at the exchange's delivery points in New York, New Orleans,
Hamburg, Miami and Antwerp, Belgium.


Read more at Bloomberg Commodities News