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Barchart
Barchart
Rich Asplund

Coffee Prices Settle Higher on Dry Weather in Brazil and Vietnam

Ice Brazil Vietnam ICO the International Coffee Organization USDA Volcafe

July arabica coffee (KCN24) Thursday closed up +3.95 (+1.75%), and July ICE robusta coffee (RMN24) closed up +169 (+4.02%).

Coffee prices on Thursday rallied sharply to 2-week highs.  Coffee prices saw support from hot, dry weather in Brazil and Vietnam, which has bolstered concerns about global coffee production.

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