Tuesday, 26 April 2011
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Colombian coffee prices at near record high
The price of Colombian smooth arabica coffee closed Friday at $3.2293 per pound, its highest price for 34 years according to the International Coffee Organization (ICO), Portafolio reported Monday. This peak price was recorded two days after the $3 per pound barrier was broken on Wednesday. The ICO and traders attributed the high price to a shortage of coffee, as well as technical factors and an
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