
May arabica coffee (KCK26) on Tuesday closed up +7.45 (+2.68%), and May ICE robusta coffee (RMK26) closed up +80 (+2.25%).
Coffee prices recovered from early losses on Tuesday and rallied sharply, with arabica rebounding from a 15-month low. Strength in the Brazilian real on Tuesday has sparked short-covering in coffee futures, with the real (^USDBRL) up +0.31% and just below Monday's 1.75-year high against the dollar. The stronger real discourages export sales from Brazil's coffee producers.