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Coffee Futures Decline to 45-Month Low on Ample Supplies

Coffee futures fell to the lowest since September 2009 on ample supplies of arabica beans used by specialty companies including Starbucks Corp. Orange juice dropped the most in five weeks. Sugar declined, and cocoa rose.

In May, exports from Colombia, the second-largest arabica producer, jumped 45 percent from a year earlier, the National Federation of Coffee Growers said yesterday. Production in Brazil, the top grower, will climb 14 percent in 2013 to 56.1 million bags from a year earlier, a unit of the U.S. Department of Agriculture said in a report. Futures have plunged 20 percent in the past 12 months.