Thursday 02 May 2024
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Robusta coffee futures record biggest 5-day plunge in half a decade

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MILAN – Robusta coffee futures on ICE fell to a 7-1/2 month low on Tuesday on technically-driven selling by funds, with the London market recording its biggest 5-day plunge in half a decade.

The July contract fell $20 to $1,916 a tonne after dipping to a low of $1,871, the lowest level for the second position since early September.

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