CoffeeFeatured News

Coffee prices climbs on softer dollar

March arabica coffee settled up 1.15 cents, at $1.2365 per lb, with traders citing support from the sharply lower U.S. dollar helping lift prices to a session high at $1.255.

A wave of selling pressure took prices off their highs, traders said.

March robusta coffee rose $10, or 0.6 percent, to $1,785 a tonne.

Dealers noted there was some selling in Vietnam by farmers ahead of the Tet holiday in mid-February, though the pace was curtailed by weak local prices.      

Also read  Coffee Prices (Karnataka) on 07-09-2023

Leave a Reply