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Barchart
Rich Asplund

Coffee Prices Fall Sharply as Brazil Rains Ease Crop Concerns

Ice Brazil United States Cecafe Vietnam arabica FAs

December arabica coffee (KCZ25) on Tuesday closed down -15.75 (-4.08%), and November ICE robusta coffee (RMX25) closed down -229 (-4.95%).

Coffee prices plummeted on Tuesday, with robusta dropping to a 1-week low.  Above-average rainfall in Brazil has eased coffee crop concerns ahead of the all-important flowering period this month and is hammering prices.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 10.1 mm of rain during the week ended August 30, or 163% of the historical average.  

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