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Rich Asplund

Arabica Coffee Prices Underpinned by Below-Normal Rain in Brazil

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

March arabica coffee (KCH25) today is up +5.00 (+1.57%), and March ICE robusta coffee (RMH25) is down -7 (-0.14%).

Coffee prices today are 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 is under pressure today 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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