Coffee Prices Soar as Supply Risks Intensify
July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied sharply on Thursday and posted 4-week highs. Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies...
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