Coffee bears rewarded as Brazil currency drop sees price slide
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New York
COFFEE bears are reaping rewards from a sweeping plunge in emerging-market currencies.
Brazil and Colombia, the world's largest suppliers of arabica coffee, have seen the value of their currencies decline because of stagnating growth and a collapse in oil prices. As exporters increase shipments to customers buying in dollars, prices for the commodity have tumbled to the lowest since January 2014.
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