Coffee Prices Rise as Brazilian Real Strength Sparks Short Covering
DUBAI – QAHWA WORLD Coffee futures climbed sharply on Thursday following a surge in the Brazilian real, which encouraged traders to cover short positions. March arabica contracts closed up 1.65%, while March robusta contracts rose 2.02%. The real reached its highest level against the U.S. dollar in nearly two years, prompting caution among Brazilian coffee</p>
