Financial Times | 4/13/2009 12:00:00 AM
Colombian coffee prices reach 11-year high as supplies tighten
Apr 13 -- Colombian coffee prices have hit their highest level in 11 years in the wholesale market, forcing leading brands in the US to announce increases in their retail prices of almost 20 per cent at a time when consumers are tightening their belts.
The surge in Colombian prices comes amid tight supplies due to heavy rains in the last few months and a government-sponsored programme to replace old coffee trees with new ones to improve productivity in the medium term, analysts said.
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