Arabica coffee prices may have hit bottom

Arabica coffee futures, in their lowest levels in three years, may have reached the bottom said the bank Societe Generale, while "dramatically" reduced price estimates, citing better hopes for crops in Brazil and Colombia. The bank reduced its forecasts for Arabica futures heading for 2013 by 80 cents a pound, citing "gradual improvement" expected in production in Colombia, thanks to a program of replanting trees and improvements in agricultural practices.
Source: Revista Cafeicultura