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Arabica Coffee Declined by 5% at ICE Futures Market

 



Arabica coffee declined 5 percent to $2.231 a pound in the ICE Futures on 23 December 2021 to its four-week low, as production in Guatemala and Honduras improved. A broader selloff in the New York futures market occurred. However, the price remained at an increased level of around 75 percent after the reduction of output in Brazil and Colombia, two of the world’s top suppliers, after experiencing adverse weather. 

(See the full report at Business Mirror.)

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