Continuing its five day losing streak, Arabica Coffee further drops by 1.89% to close at $176.65

Published: March 19 2023, 09:11 GMT+0

Continuing its five day losing streak, Arabica Coffee further drops by 1.89% to close at $176.65

Friday at a glance: Coffee retreats 1.89% to close at $176.65 per pound Friday.

The Coffee future's value drop coincided with the fact that Cotton is down to $77.56, losing $1.6, after ending the previous session around $79.16. Sugar decreases 0.43% Friday and closed at $20.76.

Though the Coffee future has been dropping, other Softs have been performing better: Cocoa went up by 1.86% Friday, and closed at $2,738.

The Coffee future hit a significant low of $151.1 around 2 months ago, but has since recovered 19.16%.

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