
May arabica coffee (KCK25) Monday closed up +2.00 (+0.51%), and May ICE robusta coffee (RMK25) closed down -14 (-0.25%).
Coffee prices on Monday settled mixed, with arabica coffee climbing to a 2-week high. Weather concerns in Brazil are boosting arabica prices after Cooxupe, Brazil's largest arabica coffee co-operative, said high temperatures and below-normal rainfall last month in Brazil should negatively affect coffee yields this year. Also, current supplies have tightened as ICE-monitored arabica coffee inventories fell to a 1-month low last Friday of 777,708 bags.