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Rich Asplund

Arabica Coffee Falls on Rain Forecasts for Brazil

Brazil Ice Somar Meteorologia Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Thursday closed down -1.05 (-0.27%), and May ICE robusta coffee (RMK25) closed up +20 (+0.35%).

Coffee prices on Thursday settled mixed, with arabica falling to a 1-1/2 week low. Arabica coffee came under pressure Thursday after Somar Meteorologia forecast widespread showers for next week in Minas Gerais, Brazil's biggest arabica-producing region, which eases dryness concerns. Robusta coffee recovered from early losses Thursday and closed higher on signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 1-1/2 week low of 4,303 lots.

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