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SOFTS-Arabica Coffee Slides As Brazil Frost Fears Dissipate


LONDON, July 30 (Reuters) – Arabica coffee on ICE (NYSE:ICE) fell on Monday as fund short covering subsided and as fears over adverse weather in top producer Brazil faded.

September arabica coffee KCc1 was down 0.7 cent, or 0.7%, at 100.40 cents per lb at 1147 GMT, after settling up 1.4% on Monday as funds covered their short positions amid talk of frost risk in Brazil.

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