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Rich Asplund

Arabica Coffee Prices Climb on Weather Woes in Brazil

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

May arabica coffee (KCK25) today is up +0.30 (+0.08%), and May ICE robusta coffee (RMK25) is down -21 (-0.38%).

Coffee prices today are mixed, with arabica climbing to a 2-week high. Insufficient rain in Brazil threatens coffee crops and is bullish for prices. Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 30.8 mm of rain in the week ended March 15, or 71% of the historical average. Arabica coffee added to its gain today after Cooxupe, Brazil's largest arabica coffee co-operative, said high temperatures and below-normal rainfall last month in Brazil should affect coffee yields this year.

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