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Barchart
Rich Asplund

Below-Normal Rain in Brazil Boosts Coffee Prices

Ice Brazil Somar Meteorologia Conab the USDA FAS Vietnam Marex Solutions United States USDA Volcafe

May arabica coffee (KCK25) today is up +6.10 (+1.71%), and May ICE robusta coffee (RMK25) is up +153 (+3.00%).

Coffee prices today are moderately higher and posted 1-week highs.  Below-normal rain in Brazil supports coffee prices after Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 17.9 mm of rain in the week ended April 12, or 89% of the historical average.  Robusta coffee is also climbing on signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 6-week low today of 4,249 lots.

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