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Barchart
Rich Asplund

Below-Average Rainfall in Brazil Supports Arabica Coffee Prices

Ice Brazil Somar Meteorologia Cecafe United States Vietnam FAs

September arabica coffee (KCU25) on Monday closed up +1.95 (+0.57%), and September ICE robusta coffee (RMU25) closed down -46 (-1.09%).

Coffee prices today on Monday settled mixed, with arabica coffee posting a 2-month high.  Below-average rainfall in Brazil's coffee-growing regions is supporting coffee prices after Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended August 16.  

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