Coffee To Climb As Consumption Rises

July 2006 | Key Sectors Analysis

Real GDP growth in the Dominican Republic came in at 12.6% year-on-year (y-o-y) in Q106. One of the biggest contributors to the out-turn was the agriculture sector, which expanded by 13.0% y-o-y to DOP1.132bn. Key to the agricultural growth was coffee output, which rose by 17.8% in volume terms (compared with a 7.5% decline in the same period of 2005). In our view, the global coffee market should be supportive of the sector going forward, although it looks a bit soft at present. Front-month arabica prices on the New York Board of Trade are at their lowest point this year,

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