Coffee price rose, extending a rally to a 12-year high, as stocks and commodities climbed amid signs the global economic recovery remains on track. Cocoa Price fell from a two-week high.
The World coffee production is seen dipping on unfavorable climatic conditions that are believed to hamper plantations across the world, resulting in the further scaling up of the coffee price.
With production outlook being positive and coffee price getting attractive tracking the international uptrend, more planters can involve in coffee production.

Coffee Prices Chart Coffee Prices Quote Update time:5/18/2013 Symbol (CFDs) Exp Last High Low Chg. Chg. % Time  Gold Jun 13 1357.75 1391.25 1353.85 -29.15 -2.10% 17/05  Silver Jul 13 22.190 22.743 22.112 -0.469 -2.07% 17/05  Copper Jul 13 3.316 3.345 3.281 0.021 0.64% 17/05  Brent Oil Jul 13 104.68 104.86 103.36 0.90 0.87% 17/05  Crude Oil Jun 13 95.91 96.42 94.80 0.74 0.78% 17/05  Natural Gas Jun 13 4.059 4.093 3.914 0.127 3.23% 17/05  US Coffee C Jul 13 137.00 141.28 136.78 -3.25 -2.32% 17/05  Live Cattle Jun 13 119.36 120.08 118.74 -0.50 -0.42% 17/05  London Coffee Sep 13 2057.00 2069.00 2056.00 -6.00 -0.29% 17/05  London Wheat Jul 13 182.15 186.00 177.50 -3.10 -1.67% 17/05  London Sugar Aug 13 477.60 480.05 474.60 1.55 0.33% 17/05  US Corn Jul 13 653.12 655.88 638.38 10.93 1.70% 17/05  US Cocoa Jul 13 2307.50 2316.00 2276.50 7.00 0.30% 17/05  US Cotton No.2 Jul 13 86.34 86.48 85.55 0.32 0.37% 17/05  US Soybean Oil Jul 13 49.55 49.90 49.31 0.03 0.05% 17/05  US Soybeans Jul 13 1448.50 1449.12 1424.38 20.90 1.46% 17/05  US Wheat Jul 13 682.62 689.62 680.62 -5.78 -0.84% 17/05

The world coffee price seen hitting peak levels on falling production and short supply. But looking at the India case of the coffee production, the country has all potential to take the leap forward and capitalize on the global opportunity.

The coffee price on the New York markets on Friday. Reduced supplies owing to poor crop in the key coffee growing regions including Latin America caused the severe demand-supply gap.

Considering the international coffee price movements, in New York, ICE September Arabica coffee jumped 5.65 cents, or 3.4% to $1.7305 a pound recently, the highest since February 1998. It traded later at $1.7725 cents, up 6.8% on the week. Meanwhile, the industry experts are of the opinion that the bull-run in the commodity would continue for a short term and coffee price may hit $2.00 cents per pound.

Coffee prices were viewed as well covered after buying into falling prices in recent weeks, while origin and investor selling picked up. “I think we’re just reestablishing the idea that Brazil is going to be selling coffee and the economic recovery is slowing,” said James Cordier, senior analyst of brokerage optionsellers.com in Florida. ICE July arabica coffee was down US9.55¢, or 3.5%, at US$2.6140 per lb at 12:25 p.m. EDT, after falling to US$2.6135 a lb earlier in the session and falling below the 100-day moving average.

J.M. Smucker Co., which distributes the Folgers and Dunkin' Donuts coffee sold at stores, said last week it was hiking coffee prices for a pound by 11% — the company's fourth and biggest increase in a year. A few days later, Starbucks — which had already raised prices on some coffee drinks in the fall — said it would raise prices for bags of coffee beans sold at its cafes by 17%.Prices for coffee have been rising steadily. According to the U.S. Department of Labor, a 1-pound can of ground coffee sold for an average of $5.10 in the U.S. in April, up from $3.64 the year before.

Chuck Jones, co-owner of Jones Coffee Roasters in Pasadena, said his costs for high-grade beans have nearly doubled."At this time last year I was paying $1.85 for coffee that I'm now paying $3.60 for," Jones said. His company sells gourmet green beans to roasters around the world, including Starbucks.The company also roasts beans it sells to retailers, restaurants and coffee shops. Prices for those beans are up 30% over last year, Jones said.