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Rich Asplund

Larger Supplies from Brazil Pressure Coffee Prices

Ice Brazil USDA Vietnam ICO

December arabica coffee (KCZ26) closed down -11.75 (-3.86%) on Wednesday, and November ICE robusta coffee (RMX26) closed down -105 (-2.92%).

Coffee prices gave up an early advance and settled sharply lower on Wednesday. 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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