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Barchart
Barchart
Rich Asplund

Coffee Prices Move Higher on Brazilian Real Strength

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September arabica coffee (KCU24) on Thursday closed up +2.90 (+1.22%), and Sep ICE robusta coffee (RMU24) closed up +99 (+2.21%).

Coffee prices posted moderate gains on Thursday for a second day.  Coffee prices were boosted by the rise in the Brazilian real (^USDBRL) to a 4-week high against the dollar on Wednesday, discouraging export selling from Brazil's coffee producers.

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