Arabica Coffee Retreats in Hopes the Strait of Hormuz Will Soon Reopen
7/5 04:16
July arabica coffee (KCN26 ) on Wednesday closed down -5.90 (-2.04%), and July ICE robusta coffee (RMN26 ) closed up +35 (+1.04%). Coffee prices on Wednesday settled mixed. Optimism that the US-Iran war could soon end and reopen the Strait of Hormuz weighed on coffee prices on Wednesday. Strength in......