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Rich Asplund

Coffee Prices Sharply Higher on Brazilian Real Strength and Tight Global Supplies

Ice Brazil arabica USDA

July arabica coffee (KCN23) on Monday closed up +6.55 (+3.58%), and July ICE robusta coffee (RMN23) closed up +56 (+2.30%).

Coffee prices Monday closed sharply higher. Monday's rally in the Brazilian real (^USDBRL) to a 4-week high boosted coffee prices. The stronger real discourages export selling from Brazil's coffee producers.

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