Coffee Prices Surge on Drought Conditions in Brazil's Coffee-Growing Regions
September arabica coffee (KCU24 ) today is up +10.80 (+4.80%), and July ICE robusta coffee (RMN24 ) is up +191 (+4.44%). Coffee prices today rallied sharply to 2-week highs. Coffee prices surged today on concern that drier-than-normal conditions will adversely affect Brazil's coffee crops. Somar Meteorologia reported today that Brazil's...
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