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TORONTO — Increased coffee demand from China could mean coffee prices will remain high, according to to The Globe and Mail.
The return of rain to Brazil means the coffee crop is expected to double over last year, but the growing supply coupled with declining commodity prices, has led to coffee price dropping from US$3 in early May to US$2.60. That said, the increased demand for coffee in China, means long-term coffee prices will likely remain at last year’s high.For the complete report, click here.
