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Barchart
Barchart
Rich Asplund

Coffee Closes Higher on Dry Conditions in Brazil and Vietnam

Ice Vietnam Brazil the USDA FAS

July arabica coffee (KCN24) on Thursday closed up +2.20 (+0.97%), and July ICE robusta coffee (RMN24) closed up +38 (+0.89%).

Coffee prices Thursday finished moderately higher, with July robusta posting a new contract high.  Robusta coffee prices saw support from concern about tight robusta supplies from Vietnam.  Dry conditions in Brazil supported arabica coffee prices.

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