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Rich Asplund

Arabica Coffee Settles Higher as the Brazilian Real Rallies

Ice Brazil arabica United States Minas Gerais USDA

May arabica coffee (KCK23) on Friday closed up +0.70 (+0.41%), and May ICE robusta coffee (RMK23) closed down -10 (-0.45%).

Coffee prices Friday settled mixed. Arabica coffee prices Friday recovered from a 2-month low and posted moderate gains as strength in the Brazilian real (^USDBRL) sparked short covering in arabica futures. The real on Friday rose to a 1-3/4 month high against the dollar, discouraging export selling from Brazil's coffee producers.

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