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Rich Asplund

UNCOVERED: Coffee prices close higher on global weather concerns - Caught on Camera

Ice Brazil the USDA FAS Vietnam Cecafe ICO International Coffee Organization

December arabica coffee (KCZ24) Thursday closed up +2.75 (+1.11%), and November ICE robusta coffee (RMX24) closed up +69 (+1.38%).

Coffee prices Thursday settled moderately higher, with robusta posting a 1-1/2 week high. Coffee prices rose due to concern that adverse global weather events will curb coffee production.

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