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Arabica Coffee Seen Extending Slump on Ample Brazilian Supplies

Arabica-coffee futures that lost half their value in the past two years will extend their slump to the lowest price since 2009 as record global output led by Brazil overwhelms rising demand, a survey showed.

The bean variety favored by Starbucks Corp. and Dunkin’ Brands Group Inc. in their premium coffees will slip to $1.257 a pound by June 30, according to the average estimate of 14 brokers and analysts surveyed by Bloomberg. That will mean a 10 percent drop from yesterday’s close of $1.3965 in New York.