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Barchart
Barchart
Rich Asplund

Coffee Prices Settle Higher on Dryness in Brazil and Smaller Vietnam Exports

Ice Brazil Vietnam Robusta USDA the International Coffee Organization

May arabica coffee (KCK24) on Thursday closed up +2.60 (+1.43%), and May ICE robusta coffee (RMK24) closed up +51 (+1.68%).

Coffee prices on Thursday settled moderately higher.  The forecast for scant rain in Brazil over the next week supports arabica coffee prices.  Robusta garnered support Thursday over smaller coffee supplies from Vietnam after the country's General Statistics Office reported that Vietnam's Feb coffee exports fell -20 % y/y to 160,000 MT.  

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