Coffee Falls as Supply Concerns Ease: World's Biggest Mover
May 6 (Bloomberg) -- Arabica coffee futures in Tokyo fell 3.1 percent, the biggest fluctuation of any commodity market today, after a report yesterday showed Brazilian exports increased last month, easing concern about a global shortage.
Brazil, which grows about 43 percent of the world's Arabica, shipped 7.1 percent more of the milder-tasting beans than a year earlier, an exporter group said. Forecasts of a smaller harvest sent Arabica futures up 68 percent to a six-year high on the Tokyo Grain Exchange the past six months.
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