Coffee bean prices soar to new highs on Asia's expanding middle class

Vietnam and Indonesia face weak harvests, raising pressure on retail pricing

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Major coffee producing countries like Vietnam and Indonesia are forecast to have sharp drops in output this year. © Reuters

WATARU HAMANO, Nikkei staff writer

TOKYO -- Global coffee bean futures are near record or recent highs, fueled by increasing demand from a growing middle class in China and the rest of Asia while some major producers appear headed for poor harvests.

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