Monday, 2 May 2011
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Arabica Coffee Futures Hit 14-Year High
NEW YORK�Arabica coffee futures hit their highest price in 14 years on concerns that upcoming harvests won't be enough to supply the world's growing consumption of the beverage. Coffee for July delivery rose 1.8% to settle at $3.0510 a pound on the IntercontinentalExchange. Prices for mild washed arabica beans, prized by coffee drinkers for the rich flavors they produce, have been climbing
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