Coffee prices lose steam as weather forecast proves ideal for robust Brazilian harvest
By APFriday, July 2, 2010
Coffee dips on hope for robust Brazilian harvest
Traders are losing some appetite for coffee as warm weather is helping out what could be a robust Brazilian harvest.
Investors say there are also some concerns that budget-conscious consumers may opt for lower-cost coffee instead of fancy, higher-priced drinks.
Coffee prices fell about 2.5 percent on light volumes Friday as many investors looked ahead to the three-day holiday weekend.
Other commodities are mixed.
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