Arabica Coffee Heads For Worst Quarter Since 2015 On Demand Woes


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.

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