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Barchart
Barchart
Rich Asplund

Coffee Prices Sharply Higher on Brazilian Real Strength

Ice Brazil Vietnam FAs

May arabica coffee (KCK26) on Tuesday closed up +5.80 (+1.98%), and May ICE robusta coffee (RMK26) closed up +74 (+2.16%).

Coffee prices rallied sharply on Tuesday as a rally in the Brazilian real (^USDBRL) to a 2-week high has sparked short covering in coffee futures.  The stronger real discourages export sales from Brazil's coffee producers.

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