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The biggest rally in coffee prices in 14 years will only continue as Brasil, the world's biggest coffee producer, plans to hold back stocks amassed a year ago and spur the rising prices.
Brasil has 1.2 million bags of exportable 2009 arabica, originally purchased in early 2010 at around $180 per bag, to prop up prices when coffee futures were trading at half what they are today.
AND: A S.Paulo newspaper reports that President Dilma Rousseff will delay the $4-$7 billion usd purchase of 36 fighter jets until 2012 because of budget cuts.
France, Sweden and the United States are bidding for the contract that has dragged on for years.
http://www.google.com/hostednews/afp/article/ALeqM5hou0wyBDfwHGTDNqi3XCzJo5zROQ?docId=CNG.9576ed0a3c481c5b26ead35227ca1523.691
