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Barchart
Barchart
Rich Asplund

Arabica Coffee Slips on Brazil Coffee Crop Optimism

May arabica coffee (KCK26) today is down -1.90 (-0.63%), and May ICE robusta coffee (RMK26) is up +44 (+1.27%).

Coffee prices are mixed today, with robusta posting a 1.5-week high.  Arabica coffee is under pressure amid expectations of a bumper coffee crop in Brazil.  However,  tightness in robusta coffee supplies is supportive for robusta prices.  ICE robusta inventories fell to a 1.25-year low of 3,911 lots on Tuesday.

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