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Global coffee price soars

Jamaica's coffee industry could benefit from recent developments in respect of international price for the commodity.

Fears of persistent drought in Brazil sent a jolt through coffee commodity markets on Monday, when the price soared about 9%, contributing to a doubling over the last year. Weather forecasters see little relief  this month.
    
Arabica coffee for December delivery settled on Monday at US$2,208 per lb.
                                                    


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