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Guatemalan coffee growers cash in on New York futures market prices

Tuesday, December 14, 2010

Guatemalan coffee farmers are cashing in by sending a large part of their harvest at prices of some $200 per quintal.

The contract for immediate delivery closed yesterday on New York at $217.20 per quintal, its highest level since 1998.

Guatemalan traders say that 70 percent the 10,000 quintals they already have sold went for $200 or as much as $235.

Original source (in Spanish): El Periódico