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Rich Asplund

Arabica Coffee Prices Underpinned by Dry Weather in Brazil

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

May arabica coffee (KCK25) Wednesday closed up +11.55 (+2.90%), and May ICE robusta coffee (RMK25) closed down -2 (-0.04%).

Coffee prices on Tuesday settled mixed, with arabica posting a 2-week high. Below-normal rain in Brazil may reduce coffee crop yields and is supporting prices. Somar Meteorologia said Wednesday that dry and hot weather in Brazil for the rest of this week risks harming coffee crops in their final stage of development ahead of the harvest in May.

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