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Barchart
Rich Asplund

Coffee Prices Settle Sharply Higher on Tighter Global Supplies

Ice Brazil arabica USDA

May arabica coffee (KCK23) on Tuesday closed up +7.90 (+4.33%).  May ICE robusta coffee (RMK23) closed up +104 (+4.52%).

Coffee prices Tuesday closed sharply higher, with arabica posting a 6-week high and robusta posting a 3-month high.  The outlook for tighter global coffee supplies has sparked fund buying of coffee futures.  

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