Coffee Prices Show a Mixed Settlement and Consolidation Following Monday's Sharp Decline

Tuesday, 16 July 2024, 18:38
The September arabica coffee and Sep ICE robusta coffee prices settled in a mixed manner on Tuesday, with arabica closing up slightly and robusta closing lower. The market witnessed consolidation after experiencing sharp losses on Monday. Robusta coffee initially rallied but reversed its gains as ICE-monitored inventories increased, leading to a mixed settlement.
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Coffee Prices Show a Mixed Settlement and Consolidation Following Monday's Sharp Decline

Coffee Prices Overview

The September arabica coffee (KCU24) closed up by +1.45 (+0.60%), while Sep ICE robusta coffee (RMU24) closed down by -11 (-0.24%).

Market Trends

  • Consolidation after Monday's decline
  • Robusta coffee prices' mixed settlement
  • Impact of rising ICE-monitored inventories

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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