Coffee slumps to lowest since 2009 as Europe, U.S. supplies jump

Arabica coffee futures for July delivery slumped 2.2 percent to settle at $1.2725 a pound Friday on ICE in New York. Earlier, the price touched $1.268, the lowest for a most-active contract since Oct. 2, 2009. Last week, the commodity tumbled 7 percent …
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