Flash News

Coffee prices are expected to fall significantly as a result of increased supply in Brazil

AS A RESULT OF THE EXPECTED INCREASE IN THE AVAILABILITY OF COFFEE IN BRAZIL, THE ALABIKA COFFEE (KCZ26) FELL BY $14.60 (-4.35 PER CENT) TODAY IN DECEMBER, AND THE FROZEN ROBUSTA COFFEE (RMX26) BY $85 (-2,3 PER CENT) IN NOVEMBER. COFFEE PRICES HAVE FALLEN TO A LOW OF A WEEK TODAY, AND MARKET SUPPLIES HAVE INCREASED AS A RESULT OF THE PROSPECTS FOR THE BRAZILIAN COFFEE HARVEST, WHICH HAS LED TO MANY SILOS。

OKX - Unlock Rewards