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Rich Asplund

Coffee Prices Settle Higher as the Brazilian Real Rallies

Ice Brazil USDA United States Vietnam Safras Mercado Volcafe

July arabica coffee (KCN25) Monday closed up +3.50 (+0.98%), and July ICE robusta coffee (RMN25) closed up +82 (+1.85%).

Coffee prices on Monday shook off early losses and moved higher on strength in the Brazilian real. The real (^USDBRL) climbed to an 8-month high against the dollar Monday, discouraging export selling from Brazil’s coffee producers.

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