Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Coffee Prices Close Moderately Higher and Consolidate Recent Losses

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.