Coffee futures rise on the fears of Colombia and Brazil supply decrease

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Source: Forexpros
© Scanpix/Reuters

Coffee futures increased on the unfavorable weather conditions in Brazil and Colombia, the world's largest coffee exporters. The Colombia's coffee output is expected to be steady in the 2011-2012 season as strong rains damaged plants, said the National Federation of Coffee Growers of Colombia. On the ICE Futures Exchange, Arabica coffee for March delivery was traded at USD2.3105 a pound at the early U.S. trade, gaining 0.62% since opening.

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