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Commodities  |  November 01, 2012 09:06:28

Coffee to four-month lows

ColosseumArabica type of coffee yesterday fell the lowest in the last four months, dragged down by large global supplies, as well as concerns about demand from consumers still weak economies of the U.S. and European countries. Arabica Inventories in warehouses monitored by ICE Futures U.S. Exchange for October grew by 12%. This is the sixth monthly increase in a row, while the longest series grow their inventories in October 2007. The December Arabica yesterday on ICE Futures U.S. declined by 1.6% to 154.65 cents a pound weight. For the full year 2012 to date Arabica below about 32%.

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