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Barchart
Rich Asplund

Coffee Prices Settle Higher Amid Global Weather Risks

Ice Vietnam Brazil FAs StoneX

July arabica coffee (KCN26) on Tuesday closed up +1.65 (+0.61%), and July ICE robusta coffee (RMN26) closed up +63 (+1.82%).

Coffee prices climbed to 1-week highs on Tuesday and settled higher on global weather risks. Robusta rose sharply amid dry weather in Vietnam, which is raising concerns about the country's robusta coffee crop. Weather forecaster Vaisala said recent showers in Vietnam's Central Highlands, the country's main growing region, have been spotty, and more rain is needed to aid cherry growth.

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