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Coffee prices an embarrassment: Colombia federation head

From www.nasdaq.com

Current international coffee prices of around $1.15 per lb are an “embarrassment,” the head of Colombia’s coffee federation said on Wednesday, and growers are struggling to make a living off the crop.

Colombia is the world’s top producer of washed arabica. The growers’ federation has repeatedly asked for government aid this year, amid lower domestic and international coffee prices and a once-strengthening peso currency that cut export income.

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