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Barchart
Rich Asplund

Coffee Prices Move Higher on Reduced Rain Chances for Brazil and Tight Supplies

Ice Brazil Vietnam International Coffee Organization USDA

March arabica coffee (KCH24) on Friday closed up +1.55 (+0.82%), and Mar ICE robusta coffee (RMH24) closed up +26 (+0.81%).

Coffee prices on Friday settled moderately higher.  Arabica coffee moved higher on concerns about excessive dryness in Brazil after updated weather forecasts reduced the chance for rain in Brazil next week.  Robusta coffee also has support after ICE-monitored robusta coffee inventories on Friday fell to a new record low.

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