Coffee prices hit new lows; crude oil sinks significantly

London

COFFEE prices scored new lows last week as Brazil was snared by emerging markets turmoil, while crude oil sank on stubborn fears over Chinese demand and global oversupply.

Top coffee producer Brazil hit the headlines after Standard & Poor's (S&P) ratings agency slashed the nation's credit assessment to junk on Wednesday. The bombshell sent Brazil's currency, the real, collapsing to a new 13-year low point against the US dol…