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Barchart
Barchart
Rich Asplund

Coffee Prices Sharply Higher on Dollar Weakness and Delayed Vietnam Coffee Harvest

Ice Vietnam Brazil USDA Cecafe the International Coffee Organization

March arabica coffee (KCH25) Thursday closed up +9.80 (+3.23%), and January ICE robusta coffee (RMF25) closed up +125 (+2.62%).

Coffee prices rallied sharply on Thursday as they recovered more of this week's sharp losses.  The weakness in the dollar on Thursday spurred some short-covering in coffee futures.  Robusta also has support on supply concerns, as heavy rain in Vietnam is delaying the coffee harvest.

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