Arabica Coffee Heads For Worst Quarter Since 2015 On Demand Woes

From: msn.com

Coffee headed for the biggest quarterly loss in five years in New York on concern that the global health crisis is hurting demand.

Arabica futures tumbled 16% since the end of March as lockdowns and a global economic slowdown hurt consumption at a time when Brazil is harvesting a record crop. Money managers are also turning increasingly bearish and are now holding their biggest net-short position in more than seven months.

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