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Coffee snaps its rising streak as rain revives supply and prices slide

Wednesday, December 31, 2014 - 05:50
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With the harvest still months away, there's still a risk to supply. Citigroup Inc predicts coffee will average US$2.15 in the first quarter.

New York

COFFEE, the best-performing commodity of 2014, is ending the year in a bear market that shows few signs of ending.

Prices that doubled this year by October fell 13 per cent in the past two months as rains aided parched trees in Brazil, the world's top grower.