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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat on Demand Concerns

July arabica coffee (KCN25) today is down -8.10 (-1.98%), and July ICE robusta coffee (RMN25) is down -110 (-2.03%).

Coffee prices today gave up an early advance and fell sharply on concern that coffee demand will suffer after US Apr consumer confidence fell to a nearly 5-year low, which signals consumers are worried about the economic outlook and may reduce their discretionary spending.

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