March arabica coffee (KCH25) Monday closed up +2.10 (+0.65%), and March ICE robusta coffee (RMH25) closed down -64 (-1.29%).
Coffee prices on Monday settled mixed, with arabica climbing to a 3-week high and robusta falling to a 1-week low. Dry conditions in Brazil support arabica coffee after Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 29.6 mm of rain last week, or only 31% of the historical average. Robusta coffee on Monday fell for a second session on negative carryover from last Friday after the General Department of Vietnam Customs reported that Vietnam Dec coffee exports surged +102.6% y/y to 127,655 MT.
