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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat as the Brazilian Real Slumps

Ice Brazil United States Vietnam European Union FAs

March arabica coffee (KCH26) on Friday closed down -5.65 (-1.48%), and January ICE robusta coffee (RMF26) closed down -7 (-0.16%).

Coffee prices were under pressure Friday, with robusta falling to a 2-week low.  Arabica prices retreated on Friday due to weakness in the Brazilian real.  The real (^USDBRL) tumbled to a 7-week low against the dollar on Friday, encouraging export sales from Brazil's coffee producers.  

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