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Rich Asplund

Arabica Coffee Closes Lower as the Brazilian Real Tumbles

Brazil Ice USDA Conab Vietnam Marex Solutions Volcafe

May arabica coffee (KCK25) Tuesday closed down -1.90 (-0.55%), and May ICE robusta coffee (RMK25) closed up +26 (+0.54%).

Coffee prices on Tuesday settled mixed.  Arabica coffee was under pressure Tuesday after the Brazilian real (^USDBRL) fell to a 2-1/2 month low against the dollar, encouraging export selling from Brazil's coffee producers.   However, robusta coffee pushed higher on signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 3-week low Tuesday of 4,291 lots.

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