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Friday 22 November 2024
  • DVG De Vecchi
  • La Cimbali

Arabica futures hit 16-month lows as crude oil selloff pressures prices

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MILAN – New York coffee futures fell 4.5 percent to the lowest in nearly 16 months on Thursday, after a move below key levels triggered chart-based selling and narrowed the premium over Robusta to its smallest levels since at least 2008.

The crude oil selloff is responsible for dragging down soft commodities such as cocoa and sugar.

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