Trading Coffee Market Update Week 13: Robusta and Arabica React to Weather and Supply Shifts
Coffee Market Update Week 13: In the past five weeks, Arabica coffee prices have shown a clear alternating trend — one week up, one week down. Week 13 closed on a downtrend, with prices settling at 379.95 US cents/lb, compared to 391.40 US cents/lb the previous week. Technically, New York's key support level is now around 370 cents.
Meanwhile, Robusta coffee ended the week at $5,337/ton, down $178 from the previous week's close of $5,515/ton. After reaching a peak of $5,735/ton …