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Barchart
Barchart
Rich Asplund

Coffee Prices Climb on Dry Conditions in Brazil

Ice Brazil Cecafe United States Vietnam FAs

December arabica coffee (KCZ25) today is up +2.55 (+0.67%), and September ICE robusta coffee (RMU25) did not trade with markets closed for a bank holiday in the UK.

Coffee prices are climbing today, with arabica coffee posting a 3.5-month high.  Coffee prices remain supported by weather concerns in Brazil.  Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended August 23.  Reports of damage to some of Brazil's coffee crop from last week's frost are also boosting prices.

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