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Barchart
Rich Asplund

Coffee Prices Fall on Weakness in the Brazilian Real

Ice Brazil Vietnam USDA ICO Volcafe

December arabica coffee (KCZ24) on Thursday closed down -6.35 (-2.55%), and Sep ICE robusta coffee (RMU24) closed down -51 (-1.03%).

Coffee prices Thursday closed lower after the Brazilian real (^USDBRL) fell to a 2-week low against the dollar, fueling long liquidation in coffee futures.  The weaker real is bearish for coffee as it encourages export selling by Brazil's coffee producers.

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