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Barchart
Barchart
Rich Asplund

Rains Delay Brazil's Coffee Harvest and Push Prices Higher

July arabica coffee (KCN26) on Thursday closed up +4.40 (+1.63%), and July ICE robusta coffee (RMN26) closed up +82 (+2.36%).

Coffee prices rallied to 2-week highs on Thursday and settled sharply higher as heavy rains in Brazil are delaying the coffee harvest and threatening to tighten global supplies.

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