The coffee price rout, which is seeing arabica futures flirt with bear market territory, looks poised to peter out, Rabobank said, signs of “surprisingly high” demand – although not by enough to fuel a revival in values.
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Did you know?
The most widely accepted legend associated to the discovery of coffee is of the goat herder named Kaldi of Ethiopia. Around the year 800-850 A.D., Kaldi was amazed as he noticed his goats behaving in a frisky manner after eating the leaves and berries of a coffee shrub. And, of course, he had to try them!