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Barchart
Barchart
Rich Asplund

Arabica Coffee Trades Higher on Below-Average Rain in Brazil

Brazil Ice USDA Somar Meteorologia Vietnam International Coffee Organization Volcafe

March arabica coffee (KCH25) today is up +2.85 (+0.88%), and January ICE robusta coffee (RMF25) is down -10 (-0.20%).

Arabica coffee prices are seeing support today from below-average rain in Brazil, the world's largest producer of arabica coffee.  Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 43.6 mm of rain last week, or 83% of the historical average.  Minas Gerais is Brazil's largest arabica coffee-producing area.

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