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Barchart
Barchart
Rich Asplund

Arabica Coffee Falls on Brazilian Real Weakness

Sep arabica coffee (KCU23) on Tuesday closed down -2.60 (-1.59%), and Sep ICE robusta coffee (RMU23) closed up +6 (+0.22%).

Coffee prices Tuesday settled mixed, with arabica falling to a 1-week low and robusta climbing to a 1-week high.  Weakness in the Brazilian real (^USDBRL) undercut arabica coffee prices Tuesday after the real fell to a 1-month low against the dollar.  The weaker real encourages export selling by Brazil's coffee producers.  

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