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Commodities

Coffee bean prices slump as consumers stay home over coronavirus fears

Falling demand and healthy crops could lead to oversupply and keep prices low

A deliveryman walks past a closed Luckin Coffee store at Sanlitun, as the country is hit by an outbreak of the new coronavirus, in Beijing, China.   © Reuters

TOKYO -- The effects of the coronavirus have spread to the world's coffee growers, with the price of beans weakened by falling demand as consumers shun coffee shops and stay home.

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