Coffee Prices Rally Sharply on Dry Conditions in Brazil and Vietnam
July arabica coffee (KCN24 ) on Tuesday closed up +10.50 (+5.08%), and July ICE robusta coffee (RMN24 ) closed up +235 (+6.72%). Coffee prices today surged to 3-week highs and closed sharply higher. Concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production have...
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