Coffee
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*Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar edged higher on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.
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*Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar rose on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.
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*Coffee slides about 2.6 pct on better Brazil weather. NEW YORK/ LONDON, May 15- Benchmark raw sugar futures on ICE broke below 17 cents a lb on Wednesday to lows unseen in nearly three years and coffee slid about 2.6 percent in late New York trade, as both markets were pressured by improving weather in Brazil and a strong dollar.
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NEW YORK/ LONDON, May 13- Cocoa futures on ICE rose on Monday, as both commercial and speculative participants bought the market after finding technical support, while arabica coffee climbed around the 200- day moving average in consolidative dealings.
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*Arabica dealers eye concerns over cold weather in Brazil. LONDON, May 10- Arabica coffee futures on ICE weakened on Friday after reaching three-month highs in the prior session, while raw sugar was steady, with upside capped by harvesting in top grower Brazil.
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Sales of hard cider are up 100 percent year-over-year. Joe Heron, Crispin Cider CEO & founder, weighs in.
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Shares of the coffee company are up sharply after beating Q2 expectations and announcing a deal with Starbucks, reports CNBC's Herb Greenberg.
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LONDON/ HANOI, May 9- Some local dealers are using a tax dodge to buy up much of the coffee in Vietnam, the world's top producer of the robusta variety used for instant coffee, slashing the market share of international traders.
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Green Mountain announced it's extending its partnership with Starbucks and delivered earnings that topped expectations. GMCR shares jumped after-hours.
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Starbucks CEO Howard Schultz and Green Mountain CEO Brian Kelley discuss their newly expanded partnership, and how it might boost shareholder value. "This is going to be a significantly lucrative financial deal for both companies," says Schultz.
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*Arabica dealers await Brazil benchmark price. ICE July arabica coffee futures inched up 0.10 cent or 0.1 percent to $1.4185 per lb at 1131 GMT, consolidating recent gains after bouncing off a three-year low of $1.3270 hit last week.
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*Brazil government announces benchmark price. NEW YORK/ LONDON, May 7- Arabica coffee futures on ICE were firm on Tuesday, rising from a recent three-year low on investor short-covering, though top producer Brazil's large upcoming harvest and an overhang of carryover stocks are expected to keep prices under pressure.
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NEW YORK, May 3- Kraft Foods Group Inc said on Friday that it will lower the price of its Gevalia retail bagged coffee by 6 percent, effective May 5, due to sustained declines in the green coffee market.
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NEW YORK, May 3- The maker of Maxwell House coffee will lower the U.S. retail list price for its premium Gevalia brand for the second time in a year, a Kraft Foods Group Inc spokesman said on Friday, after arabica coffee futures fell to a three-year low.
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NEW YORK/ LONDON, May 2- ICE arabica coffee futures headed for the largest one-day gain in almost eight months on Thursday, on a short-covering rally prompted by technical triggers and expectations that the government in top producer Brazil would increase its minimum coffee price, dealers said.
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*Around 60 pct of certified arabica held in Antwerp. LONDON, May 2- European warehouse firms fear that Antwerp will lose its dominance as a profitable storage hub for exchange-graded arabica coffee as new fees applied by Intercontinental Exchange benefit their U.S. rivals.
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LONDON, April 30- Sugar and arabica coffee futures on ICE consolidated above multi-year lows on Tuesday, under pressure from large harvests in Brazil and expectations for global surpluses.
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*Brazil crop has record potential, but ideal weather needed. *Dealers eye frost risk in Brazil for arabica. May raw sugar futures on ICE Futures U.S. were up 0.02 cent, or 0.11 percent, at 17.51 cents a lb at 12:14 p.m. EDT after dipping to 17.13 cents on Monday, the lowest level for the front-month contract since July 2010.
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LONDON, April 26- Soft commodity trader Armajaro is no longer in talks to buy Plexus Cotton Ltd, a medium-sized cotton merchant, the companies said in a joint statement on Friday. Britain's Armajaro Trading, which trades cocoa, coffee and sugar, is a subsidiary of Armajaro Holdings Ltd..
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Matthew DiFrisco, Lazard Capital Markets, has the play on the coffee chain's outlook, and explains why he has a buy on the stock, and $396 price target.