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Barchart

Rich Asplund

Brazilian Real Strength Supports Coffee Prices

Ice Brazil USDA Vietnam ICO

December arabica coffee (KCZ26) closed up +3.80 (+1.32%) on Monday, and November ICE robusta coffee (RMX26) closed up +59 (+1.70%).

Coffee prices rallied sharply on Monday, with arabica posting a 3.5-week high and robusta posting a 6-week high. Strength in the Brazilian real (^USDBRL) boosted coffee prices as the real surged to a 4.5-month high against the dollar on Monday. The stronger real discourages export sales from Brazil’s coffee producers.

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