Below-Normal Rainfall in Brazil Supports Coffee Prices
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December arabica coffee (KCZ24 ) today is up +3.65 (+1.48%), and January ICE robusta coffee (RMF25 ) is up +47 (+1.09%). Coffee prices today are moderately higher due to the concern that abnormally dry conditions in Brazil will curb the country’s coffee production. Somar Meteorologia reported Monday that rainfall in…
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