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Barchart
Barchart
Rich Asplund

Arabica Coffee Closes Higher on Strength in the Brazilian Real

Brazil Ice Vietnam ICO USDA

May arabica coffee (KCK24) on Tuesday closed up +2.45 (+1.16), and May ICE robusta coffee (RMK24) closed down -14 (-0.37%).

Coffee prices on Tuesday settled mixed.  Arabica coffee prices rose due to Tuesday's rally in the Brazilian real (^USDBRL) to a 1-1/2 week high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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