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Rich Asplund

FORGOTTEN HISTORY: Coffee prices surge on tighter global supplies | History Defined

Ice Brazil arabica International Coffee Organization USDA

May arabica coffee (KCK23) this morning is up +6.80 (+3.72%). May ICE robusta coffee (RMK23) is up +97 (+4.22%).

Coffee prices this morning are sharply higher, with arabica posting a 6-week high and robusta posting a 3-month high. The outlook for tighter global coffee supplies has sparked fund buying of coffee futures.

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