Monday, 30 May 2011
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Asian Coffee Prices Mostly Up On Commercial Buying; Supply Diminishing
Coffee prices in Asia were mostly higher in the week to Friday due to strong commercial buying to quench soaring global demand amid expectations of dwindling export availability from major coffee producers Vietnam and India, and a lower 2011-12 crop from Indonesia. Arabica coffee futures for July delivery on the Intercontinental Exchange settled at $2.6560 a pound Thursday, up 0.7% from a week
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