Bean counters note: coffee at 10-year high

From Bloomberg News
February 29, 2008

The price of coffee surged Thursday, hitting its highest level in a decade, as continuing weakness in the dollar kept many commodity markets in rally mode.

Coffee futures for May delivery rose 3.4 cents, or 2.1%, to $1.675 a pound in New York. Earlier in the day, the beans traded at $1.68, the highest price for a most actively traded contract since February 1998. Coffee is up 41% in the last year.

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