NY March Coffee Down 3.2%

Chatter about long liquidation and Weather in Brazil persists. March NY Coffee is down 3.25 percent at 170.85. Some Coffee producers have cut production. El Salvador has reduced its coffee production outlook to 613,333 bags from 920,00 as leaf rust is spreading. Mexican coffee production is expected to decline by 18 percent to 3.2 to 3.4 million bags, the lowest since the late 1960s.