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Rich Asplund

Below-Normal Rain in Brazil Supports Coffee Prices

Ice Brazil Somar Meteorologia the USDA FAS Conab Vietnam USDA Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) today is up +9.80 (+2.63%), and May ICE robusta coffee (RMK25) is up +31 (+0.58%).

Coffee prices today are trading higher on below-normal rain in Brazil that may reduce coffee crop yields. Somar Meteorologia reported last Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 11.4 mm the week ended February 22, or 24% of the historical average. Brazil is the world's biggest arabica coffee growing country.

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