Commodities
Coffee Set for Longest Run of Gains in 45 Years on Supply Woes
Arabica futures rose as much as 1.6% on Tuesday.
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Coffee is headed for its longest winning streak since 1980, as the market grapples with persistent supply concerns in key growing regions.
Futures for the arabica variety, preferred by companies like Starbucks Corp., rose as much as 2.4% on Tuesday to another fresh record. The premium bean advanced for a 10th day and is trading just shy of $4 a pound after doubling in the past year.