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Barchart
Barchart
Rich Asplund

Arabica Coffee Prices Jump on Strength in the Brazilian Real

May arabica coffee (KCK26) today is up +4.05 (+1.38%), and May ICE robusta coffee (RMK26) is down -15 (-0.45%).

Coffee prices are mixed today, with arabica posting a 1-week high and robusta falling to an 8.5-month nearest-futures low.  Strength in the Brazilian real is lifting arabica coffee prices as the real (^USDBRL) jumped to a 2-year high against the dollar today.  The stronger real discourages export sales from Brazil's coffee producers.

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