Coffee Posts Longest Slump Since 1972 on Brazil Supply Outlook
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Coffee futures capped the worst rout in more than four decades as wet weather signaled bigger crops than forecast in Brazil, the world’s largest grower.
Increasing precipitation in Brazil this week will improve conditions for crops that have been able to flower multiple times amid ample rain, MDA Weather Services in Gaithersburg, Maryland, said yesterday. Soil moisture will also gain in Colombia, the second-biggest producer, the forecaster said.