Saturday, July 31, 2004

Coffee futures trading from 66.45 cents

Arabica coffee futures for July delivery, a little above the six-month lows of two weeks ago, will begin the new week Monday from 66.45 cents a pound on New York's Coffee, Sugar & Cocoa Exchange.

The price began falling from 83.25 in mid-June, bottomed out three weeks ago at 67.80, then rebounded for awhile. Futures then sank to eight-month lows this past week.

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