Friday, 6 May 2011
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Coffee Prices Decline on Signs of Falling Demand; Sugar Drops; Cocoa Gains
Arabica coffee retreated for the third straight day on signs of sliding demand. Sugar fell, while cocoa rose. Coffee inventories in warehouses monitored by ICE Futures U.S. in New York rose 1.2 percent in April, the first monthly gain since October 2008. Mild-bean prices offered by producing countries are the lowest in two or three years, according to Rodrigo Costa, vice-president of
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