Forecasts for Rain in Brazil Weigh on Coffee Prices
Dec arabica coffee (KCZ23 ) on Friday closed down -3.70 (-2.39%), and Nov ICE robusta coffee (RMX23 ) closed down -3 (-0.12%). Coffee prices Friday posted moderate losses, with arabica falling to a 1-week low. Forecasts for rain in Brazil have eased drought concerns and sparked long liquidation in coffee...
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