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Rich Asplund

Coffee Prices Tumble on Larger Coffee Supplies from Brazil

Ice Brazil USDA Vietnam ICO

December arabica coffee (KCZ26) is down -10.80 (-3.55%) today, and November ICE robusta coffee (RMX26) is down -100 (-2.79%).

Coffee prices gave up an early advance and fell sharply as long liquidation pressures emerged on signs of larger coffee supplies from Brazil after Brazil’s Trade Ministry reported that Brazil’s Sep coffee exports jumped more than +20% y/y to 236,000 MT.

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