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In August 2018, the price of coffee futures on the Intercontinental Exchange fell below $1 per pound for the first time since 2006. Coffee reached a low of 92 cents per pound before rallying to a high of $1.255 in October 2018, but the selling was not over.
In 2019, the price of the soft commodity returned to levels below $1, but this time it fell to a lower low of 86.35 cents in April, a new low at the lowest price since 2005. After a failed attempt to climb above $1.15 in July, the