Wednesday, 2 March 2011
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Rains lift world coffee prices; PHL follows rise
Prolonged rains have stumped the flowering phase of coffee plants in Brazil and Colombia, the world's major coffee exporters, pushing global prices of the commodity to levels unseen in 14 years, industry people in the Philippines said Tuesday. The situation is having a kind of domino effect that coffee prices in the Philippines have started rising, that brewing coffee may be more and more
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