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المشهد العربي
Arabica futures hit 10-week low
Arabica coffee futures declined to their lowest level in 10 weeks, due to expectations of increased coffee production in Brazil, leading to a drop in the price per pound to $2.8210. Meanwhile, raw sugar prices reached a 16-month high at 18.88 cents per pound, driven by tight supplies in India and rising oil prices, which may encourage factories to divert sugarcane into bioethanol production.
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