1/04/2016

Coffee goes from best to near-worst as rain

Arabica coffee prices dropped 24 percent to end 2015 as one of the biggest losers in the commodities sector, as much-needed rains in top grower Brazil helped boost crops and weak currencies in major producing countries spurred record exports. Second-month arabica coffee on ICE Futures U.S. settled on Thursday at $1.288 a lb. The losses partially offset the meteoric 50-percent rally in 2014.