Financial Times FT.com

Coffee surges on poor Colombian harvests

By Javier Blas in London

Published: July 30 2010 11:45 | Last updated: July 30 2010 22:27

Coffee prices hit a 12-year high on Friday on the back of low supplies of premium Arabica coffee from Colombia after a string of poor crops in the Latin American country.

The strong fundamental picture has also encouraged hedge funds to reverse their previous bearish views on coffee prices.

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