US MIDDAY: coffee rallies on high prices

30 Dec, 2004

Arabica coffee prices rose almost 3 percent in New York on Wednesday, nearing recent four-year highs, lifted by surging London robusta prices and speculation that beans will be in short supply next year. After a lacklustre start, the New York Board of Trade's benchmark March contract ended up 2.75 cents at 107.95 cents a lb., trading from 105.10 to 108.40.

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