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Big harvest may cool down coffee

Monday, August 22, 2011

\ Colombia and other high-quality coffee producers are expecting their largest harvest of beans in three years, a shift that could bring prices off their recent highs. Unless weather damages their crops, Colombia, Mexico, Peru and all Central American countries except for El Salvador are expecting bigger harvests, according to a survey of their national coffee organizations.\ \ Combined, output from the countries is estimated to be up at least 2 percent to 26.35 million 60-kilogram bags in the season beginning October 1.\ \ Original source: Dow Jones\ \ \ \