Here is another reason for my friends who are in the coffee business here Boquete to be happy as coffee hits record prices.  Of course Boquete broke records again for a bag of geisha beans that sold for $170 per pound.

I am beginning to see some stepped up interest in coffee land here in the mountains as investors from Europe and the US are on the hunt this year.  We have identified several tracts up to 120 acres with producing coffee mixed in with citrus that can be purchased outright or you can JV with the owner who will manage and market the product.

Source: elperiodico.com.gt
Thursday, November 11, 2010

After 13 years, prices in future contracts of coffee in the New York market are over $ 210.

This upward momentum comes not only from lower yield forecasts by main world producers of coffee, but also speculation. Dollar weakness encourages financial traders to hide their capital into commodities and coffee is one of the most sought after for future operations. read more here…..