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Barchart
Barchart
Rich Asplund

Arabica Coffee Closes Higher on Strength in Brazilian Real

Brazil Ice Vietnam USDA International Coffee Organization

March arabica coffee (KCH24) on Tuesday closed up +0.75 (+0.39%), and Mar ICE robusta coffee (RMH24) closed down -32 (-0.98%).

Coffee prices on Tuesday settled mixed.  Arabica coffee recovered from early losses Tuesday and posted modest gains on strength in the Brazilian real.  The real (^USDBRL) on Tuesday rallied to a 2-week high against the dollar, discouraging export selling from Brazil's coffee producers.  Losses in robusta coffee were limited after ICE-monitored robusta coffee inventories fell to a record low.  

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