
May arabica coffee (KCK25) Tuesday closed up +9.00 (+2.50%), and May ICE robusta coffee (RMK25) closed up +110 (+2.09%).
Coffee prices on Tuesday added to Monday's gains and posted 1-week highs. Below-normal rain in Brazil may hurt coffee yields and is bullish for prices after Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 17.9 mm of rain in the week ended April 12, or 89% of the historical average. Robusta coffee is also climbing on signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 6-week low Monday of 4,249 lots.