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Barchart
Rich Asplund

Arabica Coffee Recovers as the Brazilian Real Rallies

Arabica Brazil Ice Vietnam FAs

March arabica coffee (KCH26) on Thursday closed up +0.20 (+0.06%).  March ICE robusta coffee (RMH26) closed down -0.52 (-1.28%).

Coffee prices on Thursday settled mixed.  Arabica coffee recovered from early losses on Thursday and posted modest gains after a rally in the Brazilian real  (^USDBRL) to a 2.25-month high against the dollar sparked short covering in arabica futures.  The stronger real discourages export sales by Brazil's coffee producers.

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