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Barchart

Rich Asplund

Coffee Prices Retreat on a Stronger Dollar

Ice USDA arabica Brazil Colombia Robusta

July arabica coffee (KCN23) on Tuesday closed down -1.75 (-0.92%), and July ICE robusta coffee (RMN23) closed down -72 (-2.74%).

Coffee prices Tuesday retreated on a rally in the dollar index today to a 2-month high. Arabica also has carryover pressure from Monday when the USDA's FAS predicted Colombia's 2023/24 coffee production would climb +2% to 11.6 mln bags. Colombia is the world's second-largest arabica bean producer.

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