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Barchart
Rich Asplund

Coffee Prices Settle Sharply Higher on Brazil Frost Concerns

Ice Brazil Vietnam the USDA FAS ICO Volcafe

September arabica coffee (KCU24) on Tuesday closed up +10.25 (+4.54%), and Sep ICE robusta coffee (RMU24) closed up +208 (+4.98%).

Coffee prices rallied sharply on Tuesday and posted 2-week highs.  Coffee prices jumped Tuesday on frost risks in Brazil after Rural Clima forecasted that temperatures in Brazil could drop to near freezing next week, damaging the country's coffee crops.

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