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29 August 2011

COMMODITIES / COFFEE : Wall Street Speculators Blamed For High Coffee Prices.

                                        KCSTAR/ K.G.Hall

     In July, coffee's retail price in the USA was up 20.7% y/y...and the industry's veterans are blaming speculators...like hedge funds.
    There's actually no shortage of coffee say the experts.
    "It's not a true coffee market anymore, where the laws of supply and demand hold forth," said a trader for Walker Coffee Trading in Houston.
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