Arabica Coffee Futures Hit 14-Year High

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Arabica coffee futures hit their highest price in 14 years on Monday, 5/2/11.  There are 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 $3.05 a pound on the IntercontinentalExchange, with supplies reduced by poor harvests among some major producers.

Source:  The Wall Street Journal, 5/2/11

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