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Barchart
Barchart
Rich Asplund

Brazil Rains Delay the Coffee Harvest and Support Prices

Ice Brazil FAs Vietnam

July arabica coffee (KCN26) today is up +1.40 (+0.50%), and July ICE robusta coffee (RMN26) is up +26 (+0.71%).

Coffee prices extended this week’s rally today and posted fresh 5-week highs. Coffee prices are climbing over concerns that persistent rain in Brazil will delay the coffee harvest. Forecaster Vaisala said moderate to heavy rainfall is forecast across Brazil’s coffee-growing regions this week. However, coffee prices fell back from their best level after meteorologist Climatempo said that Brazil’s key coffee-growing regions are expected to see mostly dry weather next week.

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