Coffee Prices Plummet on Long Liquidation Pressures

Written on 12/04/2024
Rich Asplund

March arabica coffee (KCH25 ) Monday closed down -22.00 (-6.92%), and January ICE robusta coffee (RMF25 ) closed down -575 (-10.63%). Coffee prices plummeted Monday to 1-week lows. Long liquidation pressures weighed on coffee prices Monday after J. Ganes Consulting said that keeping a large amount of capital tied into...Coffee in a cup on a background of coffee beans by Zadorozhnyi Viktor via Shutterstock