Ample Inventories and Prospects for Higher Production Undercut Coffee Prices
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July arabica coffee (KCN25 ) today is down -10.30 (-2.78%), and July ICE robusta coffee (RMN25 ) is down -108 (-2.20%). Coffee prices today are sharply lower, with arabica falling to a 5-week low and robusta tumbling to a 6-week low. An increase in ICE coffee inventories is weighing on…
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