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Arabica Closes Modestly Higher On Strength In The Brazilian Real

May arabica coffee on Tuesday closed up +0.45 (+0.20%), and May ICE Robusta coffee closed down -5 (-0.23%).

Coffee prices Tuesday settled mixed, with arabica coffee climbing to a 1-1/2 week high.  Strength in the Brazilian real  supported modest gains in arabica as the real Tuesday climbed to an 8-3/4 month high against the dollar.  A stronger real discourages export selling from Brazil’s coffee producers.

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