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Barchart
Barchart
Rich Asplund

Coffee Prices Close Moderately Lower on Economic Concerns

Ice Brazil arabica United States International Coffee Organization USDA

July arabica coffee (KCN23) on Tuesday closed down -5.05 (-2.61%), and July ICE robusta coffee (RMN23) closed down -25 (-1.02%).

Coffee prices Tuesday closed moderately lower, with arabica falling to a 1-1/2 week low.  A stronger dollar Tuesday weighed on most commodity prices, including coffee.  Also, concern about a slowdown in U.S. economic growth weighed on commodity prices in general.

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