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Barchart
Barchart
Rich Asplund

Short Covering Boosts Coffee Prices as the Brazilian Real Rallies

Ice Brazil FAs Vietnam

March arabica coffee (KCH26) on Monday closed up +3.30 (+1.11%), and March ICE robusta coffee (RMH26) closed up +79 (+2.10%).

Coffee prices recovered from early losses on Monday and settled higher after the Brazilian real (^USDBRL) jumped to a 1-week high against the dollar, discouraging export sales from Brazil's coffee producers.

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