Coffee Rises as Export Shipments May Start to Slow
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Coffee rose in New York, erasing yesterday’s losses, on speculation growers won’t be able to keep up the recent pace of exports, limiting new supplies. Sugar advanced.
Bean exports for the season started Oct. 1 climbed to 42.3 million bags, up from 37.1 million bags a year earlier, according to the International Coffee Organization. Shipments in February rose 15 percent from a year earlier to 8.5 million bags. The increase was lead by arabica beans, favored for specialty beverages such as those made by Starbucks Corp.