Tuesday, 3 May 2011
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Coffee Rises to 14-Year High on Colombian Rains; Sugar Advances
May 3 (Bloomberg) -- Coffee climbed to the highest price in New York in almost 14 years as rains may hurt crops in Colombia, the world's second-largest producer of arabica beans. Sugar advanced. Colombia's Agriculture Ministry said a lack of sunshine will hurt the nation's coffee crops over the next few months. Coffee plantations are being damaged by landslides and rains, Hamburg-based broker
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