Slack Rain and Frost Threats in Brazil Push Coffee Prices Sharply Higher
24/6 09:53
September arabica coffee (KCU25 ) Monday closed up +11.50 (+3.65%), and July ICE robusta coffee (RMN25 ) closed up +99 (+2.55%). Coffee prices recovered from early losses Monday and rallied sharply. Short covering emerged in coffee futures Monday due to below-normal rainfall in Brazil, following a report by Somar Meteorologia......