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Rich Asplund

Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies

Ice Brazil arabica Vietnam USDA

September arabica coffee (KCU25) on Wednesday closed down -1.55 (-0.54%), and September ICE robusta coffee (RMU25) closed down -98 (-2.75%).

Coffee prices on Wednesday settled lower, with robusta falling sharply to a 1.5-week low.  Arabica coffee gave up an early advance Wednesday and turned lower after the Brazilian real (^USDBRL) fell to a 1-week low against the dollar, which encourages export selling by Brazil's coffee producers.

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