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Barchart
Rich Asplund

Arabica Coffee Closes Higher on Below-Average Rain in Brazil

Brazil Ice USDA Somar Meteorologia Vietnam International Coffee Organization the USDA FAS Volcafe

March arabica coffee (KCH25) on Monday closed up +2.25 (+0.69%), and January ICE robusta coffee (RMF25) closed up +102 (+2.04%).

Arabica coffee prices saw support from below-average rain in Brazil, the world's largest producer of arabica coffee.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 43.6 mm of rain last week, or 83% of the historical average.

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