Arabica Coffee Moves Higher On The Outlook For Tighter Global Supplies
Coffee prices this morning are mixed, with robusta falling to a 2-1/2 week low. Coffee prices have support from last Friday’s projection from the International Coffee Organization (ICO) that the global 2022/23 coffee market will be in deficit for a second year following the 4 mln bag to 5 mn bag deficit in 2021/22 due to arabica crop woes.
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Source: Coffee Talk