Coffee Prices Soar on Coffee Crop Uncertainty
20/11 23:05
December arabica coffee (KCZ24 ) Wednesday closed up +15.55 (+5.56%), and January ICE robusta coffee (RMF25 ) closed up +142 (+3.05%). Coffee prices on Wednesday settled sharply higher, with arabica soaring to a 13-year nearest-futures high. Concern about longer-term coffee crop damage due to Brazilian drought conditions fueled fund buying......