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Rich Asplund

Coffee Prices Firm as the Brazilian Real Climbs

Ice Brazil United States Minas Gerais USDA

May arabica coffee (KCK23) on Thursday closed up +0.10 (+0.06%), and May ICE robusta coffee (RMK23) closed up +46 (+2.12%).

Coffee prices Thursday closed moderately higher. Strength in the Brazilian real (^USDBRL) supported gains in coffee after the real Thursday rose to a 1-3/4 month high against the dollar. The stronger real discourages export selling from Brazil's coffee producers.

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