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Market Impact: 0.28
Coffee Prices Retreat as Global Supplies Improve
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
December arabica coffee futures fell 6.30 cents, or 2.24%, to a 2.5-month low, while November ICE robusta futures declined 52 points, or 1.52%. The losses extend a roughly three-week period of pressure on coffee prices, reflecting a bearish near-term outlook for the coffee market.
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