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Rich Asplund

Arabica Coffee Prices Settle Higher on Below-Normal Rain in Brazil

Ice Brazil USDA Somar Meteorologia Vietnam Minas Gerais the International Coffee Organization Volcafe

March arabica coffee (KCH25) Friday closed up +5.35 (+1.68%), and March ICE robusta coffee (RMH25) closed down -13 (-0.26%).

Coffee prices Friday settled mixed. Dry conditions in Brazil supported arabica coffee after Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 62.5 mm of rain last week, or 86% of the historical average. Robusta coffee was under pressure Friday after the General Department of Vietnam Customs reported that Vietnam Dec coffee exports surged +102.6% y/y to 127,655 MT.

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