The benchmark second position dipped to a three-month low of 93.40 cents on Tuesday.
Reuters|Aug 22, 2019, 08.46 AM ISTReutersA stronger Brazil real on Wednesday was supportive, discouraging producers from selling dollar-denominated commodities such as coffee and sugar.London: Arabica coffee futures on ICE pulled away from the prior session’s threemonth low on Wednesday, boosted by a stronger Brazilian real and concerns that adverse weather could curb production in Brazil next year. December arabica coffee was up 1.45 cents, or 1.5 per cent, at 96.70 cents per lb at 1352 GMT.
The benchmark second position dipped to a three-month low of 93.40 cents on Tuesday.
A stronger Brazil real on Wednesday was supportive, discouraging producers from selling dollar-denominated commodities such as coffee and sugar. Prices were also underpinned by a diminishing outlook for next year’s crop in Brazil following adverse weather.
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