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Barchart
Barchart
Rich Asplund

Arabica Coffee Climbs on Forecasts for Limited Rain in Brazil

Brazil Ice Somar Meteorologia Cooxupe Conab Vietnam Marex Solutions the USDA FAS USDA Vietnam General Statistics Office

May arabica coffee (KCK25) today is up +0.90 (+0.24%), and May ICE robusta coffee (RMK25) is down -64 (-1.20%).

Coffee prices today are mixed.  Arabica coffee is climbing today after Somar Meteorologia forecasted limited rainfall in Brazil's coffee-growing regions in the next week to ten days.  Also, Cooxupe, Brazil's largest arabica coffee co-operative, said high temperatures and below-normal rainfall last month in Brazil would negatively affect coffee yields this year.  Brazil is the world's largest producer of arabica coffee.  In addition, arabica inventories have tightened after ICE-monitored arabica coffee inventories fell to a 5-week low last Friday of 771,576 bags.

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