Tuesday, 22 February 2011
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Brazil holding its coffee for even higher price
Brazil, the world's biggest coffee producer, is holding out for even higher prices before releasing stocks the government amassed a year ago, the country's top coffee official told Reuters in comments that could lend fresh support to the biggest rally in 14 years. Despite tightening supplies which have caused global coffee prices to double since last summer, Roberio Silva expects prices to
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