Arabica Closes Modestly Higher On Strength In The Brazilian Real
May arabica coffee on Tuesday closed up +0.45 (+0.20%), and May ICE Robusta coffee closed down -5 (-0.23%).
Coffee prices Tuesday settled mixed, with arabica coffee climbing to a 1-1/2 week high. Strength in the Brazilian real supported modest gains in arabica as the real Tuesday climbed to an 8-3/4 month high against the dollar. A stronger real discourages export selling from Brazil’s coffee producers.
