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Barchart
Barchart
Rich Asplund

Coffee Prices Rally on Brazilian Real Strength and Tight Global Supplies

July arabica coffee (KCN23) this morning is up +5.40 (+2.95%), and July ICE robusta coffee (RMN23) is up +50 (+2.06%).

Coffee prices this morning are moderately higher.  Today's rally in the Brazilian real (^USDBRL) to a 4-week high is boosting coffee prices.  The stronger real discourages export selling from Brazil's coffee producers.

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