
May arabica coffee (KCK24) on Monday closed up +2.95 (+1.56%), and May ICE robusta coffee (RMK24) did not trade, with markets in Europe closed for the Easter Monday holiday.
Coffee prices on Monday posted moderate gains after recent heavy rain in Brazil's coffee-growing regions may have damaged coffee crops. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 75.4 mm of rainfall in the past week, or 335% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop.