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Rich Asplund

Above-Average Rains in Brazil Weigh on Coffee Prices

Ice Brazil Somar Meteorologia FAs Vietnam

March arabica coffee (KCH26) today is up +1.30 (+0.39%), and March ICE robusta coffee (RMH26) is down -92 (-2.24%).

Coffee prices are mixed today, with robusta falling to a 4-week low. Above-average rainfall in Brazil is positive for coffee yields but negative for prices. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain during the week ended January 30, or 117% of the historical average.

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