Arabica coffee futures closed modestly higher Thursday at the end of a day
with little price action ahead of the FED decision. The contract with the most
activity closed 45 points higher at 118.55 cents a pound. Commodity markets
in general were quiet . The real remained weak, trading at BRL3.8748 at
4:00 pm EST. The dollar declined against the euro, adding support to the
dollar denominated commodities. In coffee related news, ABIC, Brazil
Association of Coffee Industries, said that the slumping economy could curb
coffee demand for this year. ABIC sees domestic demand flat after several
years of growth.
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