Street signs: Coffee stocks in demand, Mitsui-IHH deal, and more

Last week, Bloomberg reported that Mitsui was teaming up with private equity players to make an $11-billion bid for IHH

Coffee stocks in demand

Shares of coffee plantation companies have posted strong gains over the past month. CCL Products has gained 29 per cent, Tata Coffee is up 22 per cent, and Harrisons Malayalam is up 14 per cent. Analysts say the price of coffee in the international markets is hitting new highs due to supply deficit and disruption in the shipping industry. Analysts say the price of Arabica and Robusta coffee is expected to gain further. An analysis by Edelweiss shows shares of domestic coffee companies have a strong correlation to Arabica coffee price, which has shown a strong