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Rich Asplund

Coffee Prices Close Higher Despite Bearish Surplus Forecast for 2024-25

Ice Rabobank Brazil the USDA FAS Vietnam the International Coffee Organization

May arabica coffee (KCK24) Thursday closed +1.20 (+0.66%), and ICE robusta coffee (RMK24) closed +17 (+0.52%).

Arabica coffee prices on Thursday edged to a new 2-week low but then recovered on some short-covering after the losses seen over the past week.

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