Arabica coffee fell as much as 8% after a record rally, while cocoa retreated. El Niño concerns, speculative trading and ICE margin hikes drove volatility.
Coffee prices on the ICE exchange fell sharply on Friday, with arabica dropping as much as 8% after recording one of its biggest daily gains earlier in the week.
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Coffee prices on the ICE
exchange fell sharply on Friday, with arabica coffee down as
much as 8% in volatile trade, after the bean recorded its
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Arabica coffee futures soared toward “meme-stock territory” after their largest one-day move in decades, analysts said.
"Technical factors also were at play. The Intercontinental Exchange ... "
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