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Rich Asplund

Brazil Harvest Pressures Weigh on Coffee Prices

Ice Brazil BI FAs Vietnam StoneX

July arabica coffee (KCN26) on Tuesday closed down -1.50 (-0.61%), and July ICE robusta coffee (RMN26) closed down -40 (-1.20%).

Coffee prices settled lower on Tuesday, with arabica falling to a 19-month nearest-futures low and robusta sliding to a 2-month low. The ongoing coffee harvest in Brazil, expected to produce a bumper crop, is weighing on coffee prices.

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