Rain in the harvest season in Brazil, the biggest coffee producer in the world, boosted prices on July 3 to the biggest level since May 18, to $1.8045 a pound for the September contract, according to the National Coffee Council, a producing association.
Concerns over the sustainability of world coffee consumption may reduce strength of the price rally, said the association, known as CNC. in a weekly report sent by e-mail today.
Rain in the producing areas also affected the quality of coffee beans and have delayed harvesting, CNC said.
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