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Barchart
Barchart
Rich Asplund

Coffee Prices Decline on Above-Average Rainfall in Brazil

Ice Brazil Somar Meteorologia Cecafe United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Monday closed down -5.85 (-1.55%), and November ICE robusta coffee (RMX25) closed down -15 (-0.36%).

Coffee prices settled lower on Monday due to above-average rainfall in Brazil, which is expected to improve crop conditions and boost coffee yields.  Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 25.9 mm of rain during the week ended September 27, or 104% of the historical average.  The month of September is the critical flowering period for Brazil's coffee trees.

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