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Coffee Futures Slump to Lowest Since 2006

  • Futures have been driven lower by big production in Brazil
  • Arabica is among the worst-performing commodities in past year
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Why Brazil Is the Key to Coffee Prices

Coffee futures dropped to the lowest since 2006 in New York as a global oversupply weighs on the market.

Arabica coffee, favored for specialty drinks such as those made by Starbucks Corp., has been one of the worst-performing commodities in the past year. Much of the slump has been driven by top producer Brazil, which harvested a record amount of coffee in 2018 and is preparing to collect another big crop this year.