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Barchart
Barchart
Rich Asplund

Brazil Dryness Ahead of Flowering Period Boosts Coffee Prices

Ice Brazil arabica Cecafe United States Conab FAs Vietnam

December arabica coffee (KCZ25) today is up +9.65 (+2.58%), and November ICE robusta coffee (RMX25) is up +119 (+2.76%).

Coffee prices are sharply higher today, with arabica posting a 1-week high.   Excessive dryness in Brazil's coffee-growing regions has sparked crop concerns ahead of the critical flowering period for coffee trees and is boosting coffee prices.  Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended September 6.  

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