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Barchart
Barchart
Rich Asplund

Coffee Prices Close Lower on Economic Concerns

Ice Brazil United States USDA

July arabica coffee (KCN23) on Thursday closed down -2.55 (-1.37%), and July ICE robusta coffee (RMN23) closed down -12 (-0.50%).

Coffee prices Thursday fell moderately, with arabica posting a 3-week low.  Coffee prices are lower on concern that the ongoing U.S. banking turmoil will lead to slower economic growth and coffee demand.

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