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Barchart
Rich Asplund

Coffee Prices Fall as Brazil Drought Concerns Ease

Ice Brazil Drought USDA Vietnam the USDA FAS the International Coffee Organization Volcafe

March arabica coffee (KCH25) today is down -5.70 (-1.78%), and March ICE robusta coffee (RMH25) is down -59 (-1.20%).

Coffee prices today added to Monday's losses, with arabica and robusta falling to 3-1/2 week lows.  Coffee prices are under pressure after recent above-average rain in Brazil eased drought concerns.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 102.8 mm of rain last week, or 182% of the historical average.

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