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Coffee Could Finally Make A Move Toward A Significant Recovery

From: seekingalpha.com

The price action in the coffee futures market has been a bonus for companies that rely on coffee beans as a part of their cost of goods sold. For those who have not lower product prices, lower coffee prices have increased profit margins since 2011.

Arabica coffee futures that trade on the Intercontinental Exchange rose to a high in 2011 at $3.0625 per pound. They have not traded above the $3 level since that year and have remained below $2 per pound since late 2014. Recently, the price of the beans fell below the $1 per pound level, which turbocharged earnings for some companies, and for the growing number of consumers around the world that enjoy one or more cups of the beverage each day.

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