Coffee Prices Rebound as Dollar Weakness Spurs Short Covering

Inflation has declined in recent months, however, the trend will be reversed for certain products, such as olive oil, orange juice, soda and coffee, which will take a few dozen centimes. This is due, each time, to poor harvests and industrialists who have passed prices on to the market after negotiation. In the end, inflation remains moderate, but prices will never return to their pre-crisis level. (Conso and trends).

Coffee Prices Rebound as Dollar Weakness Spurs Short Covering

July arabica coffee (KCN25 ) Friday closed up +0.25 (+0.07%), and July ICE robusta coffee (RMN25 ) closed up +3 (+0.06%). Coffee prices on Friday recovered from early losses and closed slightly higher. Short covering emerged in coffee futures Friday after the dollar index (DXY00 ) sank to a 3-week...