Coffee Prices Settle Higher on Supply Concerns

May arabica coffee (KCK25 ) Tuesday closed up +9.30 (+2.45%), and May ICE robusta coffee (RMK25 ) closed up +103 (+1.95%). Coffee prices on Tuesday recovered from 2-month lows and closed higher. Short-covering emerged in coffee futures Tuesday due to weather concerns in Brazil after Somar Meteorologia forecasted limited rainfall...Hot coffee in a white coffee cup and many coffee beans by Kingmaya Studio via Shutterstock