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Barchart
Barchart
Rich Asplund

Arabica Coffee Posts Moderate Gains on Brazilian Real Strength

Brazil Ice USDA Vietnam United Kingdom

March arabica coffee (KCH24) closed up +1.55 (+0.80%) on Tuesday, and Jan ICE robusta coffee (RMF24) did not trade with markets in the UK closed for the Boxing Day holiday.

Arabica coffee prices Tuesday rose moderately higher as a rally in the Brazilian real sparked short covering in arabica coffee futures.  The real (^USDBRL) on Tuesday climbed to a 4-1/2 month high against the dollar, discouraging export selling from Brazil's coffee producers.  

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