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Barchart
Rich Asplund

Coffee Prices Settle Moderately Higher as Brazil's Coffee Farmers Hoard Beans

Ice Brazil SEP Vietnam USDA Deficit the International Coffee Organization the USDA FAS Volcafe

September arabica coffee (KCU24) Friday closed up +3.90 (+1.59%), and Sep ICE robusta coffee (RMU24) closed up +41 (+0.90%).

Coffee prices Friday shook off early losses and closed moderately higher.  Coffee prices are seeing support from a lack of producer selling as Brazilian coffee farmers hoard beans in anticipation of higher prices.

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