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Barchart
Rich Asplund

Coffee Prices Fall Sharply as Global Production Concerns Recede

Ice Brazil Vietnam arabica Conab the USDA FAS USDA Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Thursday closed down -13.20 (-3.37%), and May ICE robusta coffee (RMK25) closed down -86 (-1.58%).

Coffee prices Thursday added to sharp Wednesday's losses, with arabica falling to a 1-month nearest-futures low and robusta dropping to a 2-1/4 month nearest-futures low.  Coffee prices fell on forecasts for rain in Brazil that would ease dryness concerns.  Meteorologist Climatempo has forecast widespread showers for Brazil's coffee-growing regions into next week.  

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