By Catarina Saraiva Jan. 13 (Bloomberg) -- Coffee rose for the first time in three days in New York on concern that lower production from Mexico and Colombia will leave world supplies short of demand. Cotton also gained. Cold weather may have damaged the coffee crop in Mexico, the sixth-biggest producer, said Marcio Bernardo, a Newedge USA LLC analyst in New York. Colombia, the third-largest grower, will harvest 9 million bags of coffee beans in the year through September, 26 percent less than projected in June, the U.S. Department of Agriculture said last month. “We have a very tight situation in Colombia,” Bernardo said. “If you add the Mexico story, there is an impact on the crop on top of the Colombia story.” Arabica-coffee futures for March delivery gained 0.4 cent, or 0.3 percent, to $1.435 a pound at 10:06 a.m. on ICE Futures U.S. in New York. The most-active contract fell 1.6 percent in the previous two days. Coffee climbed 21 percent in 2009 as the dollar slipped 4.2 percent against a basket of six competing currencies and adverse weather damaged bean crops in Brazil, the world’s biggest producer, and Colombia. A bag of coffee beans weighs 60 kilograms, or 132 pounds. In another ICE market, cotton futures for March delivery rose 0.52 cent, or 0.7 percent, to 73.31 cents a pound. Before today, the most-active contract gained 56 percent in the past year.

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