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Rich Asplund

Coffee Prices Move Higher as the Dollar Falls

Ice Brazil Vietnam arabica

September arabica coffee (KCU25) on Thursday closed up +1.15 (+0.38%), and September ICE robusta coffee (RMU25) closed up +141 (+4.00%).

Coffee prices moved higher Thursday, with robusta recovering from a 13-1/4 month low. Thursday's slide in the dollar index (DXY00) to a 3-1/4 year low sparked short covering in coffee futures. Robusta coffee prices also saw support after ICE-monitored robusta coffee inventories on Thursday fell to a 5-week low of 5,108 lots.

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