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Threat of drought in Brazil spurs bulls to raise bets on higher coffee prices

Tuesday, January 13, 2015 - 05:50
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Brazil is the world's biggest grower and exporter, and hedge funds have increased their bets on higher prices for the first time in six weeks.

Chicago

BRAZIL is getting dry again and the coffee bulls are back. Growing regions are forecast to get about half the normal rainfall this month and in February, according to Celso Oliveira, a meteorologist at Somar Meteorologia in Sao Paulo.

Brazil is the world's biggest grower

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