Peru with its new crop harvest starting is looking forward to a larger new crop of fine washed Arabica coffee that shall be in excess of 3.7 million bags. With these coffees coming to the market for the mid year 2011 spell of slower exports from Central America and Colombia. So despite all the concern over supply shortage, there is in reality sufficient coffee supply in play for the present.
The New York fully washed Arabica certified stocks registered a further 2,075 bags decrease yesterday, to register these stocks at 1,575,600 bags. The number of bags pending grading for the exchange meanwhile registered a modest 640 bags increase, to register these pending grading coffee stocks at 51,227 bags.