Coffee prices have tumbled to a 12-year low. Benchmark New York futures have now fallen below $1 a pound, thanks to a bumper crop in Brazil, the world's largest producer, coupled with a stronger US dollar. Prices are below the cost of production in many of the main coffee-growing countries, says Emiko Terazono in the Financial Times. In Colombia and El Salvador it is $1.20 and $1.50 a pound respectively.
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