
Sep arabica coffee (KCN23) on Monday closed up +1.50 (+0.94%), and Sep ICE robusta coffee (RMN23) closed up +47 (+1.89%).
Coffee prices Monday settled moderately higher as they consolidated last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new 1-month low. Coffee prices are undercut by favorable Brazil weather that has eased frost fears and paved the way for an even quicker harvest. Also, an increase in supplies is bearish for prices after coffee exports from Honduras, the largest coffee-producing country in Central America, rose +37% y/y in June to 1.004 million bags.