Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

UNCOVERED: Coffee prices settle higher on supply fears - The Untold Story

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.