Arabica Coffee Prices Surge on Dry Weather in Brazil

December arabica coffee (KCZ25 ) on Tuesday closed up +14.45 (+3.75%), and November ICE robusta coffee (RMX25 ) closed down -73 (-1.40%). Coffee prices settled mixed on Tuesday, with arabica jumping to a 3.5-week high. Arabica coffee prices are surging due to indications of severe dry conditions in Brazil’s primary…