Coffee Prices Finish Sharply Higher on Concern About Global Coffee Production

Written on 09/17/2024
Rich Asplund

December arabica coffee (KCZ24 ) Friday closed up +10.05 (+4.03%), and November ICE robusta coffee (RMX24 ) closed up +190 (+3.74%). Coffee prices Friday rallied sharply, with Dec arabica and Nov robusta posting contract highs, while nearest-futures (U24) robusta soared to a record high. Coffee prices rallied on adverse global...Coffee - Cup of coffee with coffee beans in burlap sack on coffee tree background by Amenic181 via Shutterstock