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Tanzania: Global Coffee Prices Fall By 15%

From allafrica.com

Coffee prices fell by an average of 15 per cent at the world market during the year to September 30, 2018 compared with the previous year.

The Bank of Tanzania’s economic review for October attributes the drop to increased supply, mainly from Brazil whose harvest was bumper. The review shows that Robusta coffee prices decreased to $1.93 a kilo during the year to September 30, 2018 from $2.28 the previous year.

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