The Business Times
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Coffee bears rewarded as Brazil currency drop sees price slide

Published Mon, Sep 7, 2015 · 09:50 PM

    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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