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Barchart
Rich Asplund

Brazil and Vietnam Weather Concerns Boost Coffee Prices

Ice Brazil Vietnam Minas Gerais USDA Cecafe ICO International Coffee Organization the USDA FAS

December arabica coffee (KCZ24) today is up +3.05 (+1.20%), and January ICE robusta coffee (RMF25) is up +105 (+2.40%).

Arabica coffee prices today are moving higher on the outlook for hot and dry conditions to persist in Minas Gerais, Brazil's biggest arabica coffee-producing region, which could curb coffee yields that lead to lower coffee production.  Robusta coffee has support today after Vietnam's General Department of Customs reported that Vietnam's October coffee exports fell -11.6% m/m to 45,412 MT and Vietnam's Jan-Oct coffee exports fell -11.1% y/y to 1.15 MMT.

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