(Bloomberg) -- Coffee rose in New York after a U.S.
forecast that global production will drop next year.
Worldwide output will fall 9 percent to 118.9 million bags
in the year ending June 2008 because of a smaller crop in
Brazil, the world's biggest grower, the U.S. Department of
Agriculture said on June 8. Before today, the price of coffee
climbed 19 percent from a year ago.
Read more at Bloomberg Commodities News
forecast that global production will drop next year.
Worldwide output will fall 9 percent to 118.9 million bags
in the year ending June 2008 because of a smaller crop in
Brazil, the world's biggest grower, the U.S. Department of
Agriculture said on June 8. Before today, the price of coffee
climbed 19 percent from a year ago.
Read more at Bloomberg Commodities News
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