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Barchart
Barchart
Rich Asplund

EXPLAINED: Coffee prices close lower as ico reports higher global coffee exports | Rare Historical Photos

March arabica coffee (KCH24) on Friday closed down -0.35 (-0.29%), and Jan ICE robusta coffee (RMF24) closed down -20 (-0.77%).

Coffee prices Friday posted moderate losses.  An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported Friday that global Oct coffee exports rose +0.9% y/y to 9.53 million bags.  Friday's rally in the dollar index (DXY00) to a 3-week high also weighed on coffee prices.

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