Arabica Coffee Heads For Worst Quarter Since 2015 On Demand Woes
From: msn.com
Coffee headed for the biggest quarterly loss in five years in New York on concern that the global health crisis is hurting demand.
Arabica futures tumbled 16% since the end of March as lockdowns and a global economic slowdown hurt consumption at a time when Brazil is harvesting a record crop. Money managers are also turning increasingly bearish and are now holding their biggest net-short position in more than seven months.
