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Barchart
Barchart
Rich Asplund

Arabica Coffee Soars to a Record High as Drought Decimates Brazil's Coffee Crop

Brazil Ice Drought USDA Vietnam the International Coffee Organization Volcafe

March arabica coffee (KCH25) today is up +11.55 (+3.50%), and January ICE robusta coffee (RMF25) is up +156 (+2.97%).

Coffee prices today are sharply higher, with Mar arabica posting a contract high and the Dec nearest-futures contract (Z24) posting a record high.  Also, robusta coffee rose to a 1-week high.

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