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Barchart
Barchart
Rich Asplund

Arabica Coffee Prices Jump as Heavy Rains Delay Brazil Coffee Harvest

September arabica coffee (KCU26) today is up +3.75 (+1.37%), and September ICE robusta coffee (RMU26) is down -74 (-2.04%).

Coffee prices are mixed today. Arabica coffee is climbing as heavy rains in Brazil are delaying the country’s coffee harvest. Somar Meteorologia reported today that rainfall in Minas Gerais, Brazil’s biggest coffee growing region, received 31.3 mm of rain in the week through June 28, or 1,956% of the historical average. Robusta coffee is under pressure on signs of increasing supplies after ICE robusta coffee inventories rose to a 2.75-month high today.

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