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Rich Asplund

Arabica Coffee Prices Remain Weak But Robusta Rallies to Record

Ice Brazil Vietnam NY Somar Meteorologia the US Climate Prediction Center USDA FAS

July arabica coffee (KCN23) today is down -1.55 (-0.92%), while July ICE robusta coffee (RMN23) is up +120 (+4.38%).

NY arabica coffee today remains weak and matched last Friday's 3-month low.  However, July robusta today rallied sharply to post a new record high (data since 2008) on the generally tight robusta supply situation.

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