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Barchart
Barchart
Rich Asplund

Brazilian Real Strength and El Niño Risks Boost Coffee Prices

December arabica coffee (KCZ26) closed up +11.90 (+4.07%) on Tuesday, and November ICE robusta coffee (RMX26) closed up +62 (+1.76%).

Coffee prices settled higher on Tuesday for the third consecutive session, with arabica posting a 3.5-week high and robusta posting a 6-week high. Strength in the Brazilian real (^USDBRL) boosted coffee prices on Tuesday after the real climbed to a 4.75-month high against the dollar. The stronger real discourages export sales from Brazil’s coffee producers.

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