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Barchart
Rich Asplund

Arabica Coffee Rallies on Excessive Dryness in Brazil

Brazil Ice USDA Vietnam Volcafe the International Coffee Organization

March arabica coffee (KCH25) today is up +6.40 (+1.97%), and January ICE robusta coffee (RMF25) is down -36 (-0.60%).

Coffee prices today are mixed, with arabica posting a 1-week high.  Coffee prices are seeing support from dry conditions in Brazil, the world's largest producer of arabica coffee.  Somar Meteorologia reported Monday that rainfall in Brazil's biggest arabica coffee growing area of Minas Gerais received 35.2 mm of rain last week, or only 65% of the historical average.  Minas Gerais is Brazil's largest arabica coffee-producing area.

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