Coffee futures fell for the first time in a week on signs of slack global demand as sales slowed from Brazil, the world’s largest exporter. Cocoa slid, while cotton, orange juice and sugar gained.
As of July 31, Brazilian farmers sold 21 percent of the current coffee crop, down from 28 percent a year earlier, Safras & Mercados, a Porto Alegre, Brazil-based consulting company, said yesterday. Stockpiles at warehouses monitored by ICE Futures U.S. have climbed to the highest since March 2010.
