Wild swings in coffee prices

|By:, SA News Editor

Coffee futures show increasing volatility as strong rains in Brazil bring relief to the drought-stricken region.

A measure of volatility on the 60-day Arabica futures contract hit its highest level since 2000 as prices eased back to $1.743 a pound earlier today.

Citi forecasts prices will fall in range of $1.51 to $2.25 over the next few quarters as the impact of the drought lingers.

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