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To: yard_man who wrote (6053)9/15/1998 7:52:00 PM
From: Joseph G.  Respond to of 86076
 
<<Far from helping to stimulate prices on the London coffee futures market, the Brazilian stockpiling is actually depressing prices because the exporters are hedging their coffee by selling futures contracts, analysts said.

''That's what's been putting the market under pressure,'' said a London coffee futures trader. London robusta coffee futures have eased by just over $100 to under $1,600 a tonne in the last week of trading days. >>

US$ price is going down ...