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Stock impact report

Smaller Brazil Coffee Exports Underpin Prices [Yahoo! Finance]

Marex Group plc - Ordinary Shares (MRX) 
Company Research Source: Yahoo! Finance
Coffee prices settled higher on Wednesday, with robusta posting a 1.5-week high. Coffee prices rose on Wednesday amid signs of smaller supplies from Brazil. On Tuesday, Cecafe reported that Brazil Mar green coffee exports fell -10% y/y to 2.65 million bags. Last Wednesday, Brazil's Trade Ministry reported that Brazil's Mar coffee exports fell -31% y/y to 151,000 MT. More News from Barchart Cocoa Demand Optimism Sparks a Rally in Cocoa Prices Coffee Prices Push Higher on Smaller Supplies From Brazil Reduced Coffee Supplies From Brazil Support Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Robusta coffee also rose on Wednesday on tightness in current supplies as ICE robusta inventories fell to a 1.25-year low of 3,891 lots. Below-average rainfall in Brazil may curb coffee yields and is bullish for prices after Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Ger Show less Read more
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