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Rich Asplund

Coffee Prices Sharply Higher as Dryness in Brazil May Curb Coffee Tree Flowering

Ice Brazil Vietnam the USDA FAS USDA ICO Volcafe

December arabica coffee (KCZ24) Tuesday closed up +5.60 (+2.24%).  November ICE robusta coffee (RMX24) closed up +131 (+2.78%).

Coffee prices on Tuesday rallied sharply for a third session, with Dec arabica posting a contract high and nearest-futures (U24) posting a 13-year high.  Also, Nov robusta posted a contract high, and nearest-futures (U24) posted a record high.  

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