Coffee increased after world's production cut

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Source: Forexpros

Coffee futures increased after approaching to the lowest price in two months due to the cut in the world's coffee production by the International Coffee Organization. On the ICE Futures Exchange, Arabica coffee for delivery in March traded at USD2.2145 a pound at European afternoon trading hours, 0.47% higher since opening.

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Tue, 13 Dec 2011 14:25:45 GMT

Retail sales in the US increased less than expected

US retail sales increased less than expected last month, according to official data. The indicator increased by 0.2% on a seasonally adjusted basis in November as compared to 0.6% previously expected, reported the U.S. Census Bureau. On the yearly basis, retail sales rose 6.7% last month after 7.5% increase in October.

Tue, 13 Dec 2011 17:43:12 GMT

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