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Rich Asplund

Arabica Coffee Climbs on Dry Conditions in Brazil

Brazil Ice USDA Somar Meteorologia Vietnam the International Coffee Organization Volcafe

March arabica coffee (KCH25) today is up +1.35 (+0.42%), and March ICE robusta coffee (RMH25) is down -60 (-1.21%).

Coffee prices today are mixed, with arabica climbing to a 3-week high and robusta falling to a 1-week low. Dry conditions in Brazil support arabica coffee after Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 29.6 mm of rain last week, or only 31% of the historical average. Robusta coffee today fell for a second session on negative carryover from last Friday after the General Department of Vietnam Customs reported that Vietnam Dec coffee exports surged +102.6% y/y to 127,655 MT.

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