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Barchart
Rich Asplund

Coffee Prices Finish Higher on Brazil Cop Concerns

Ice Brazil arabica Vietnam FAs

March arabica coffee (KCH26) on Tuesday closed up +4.20 (+1.18%).  March ICE robusta coffee (RMH26) closed up +36 (+0.92%).

Coffee prices settled higher on Tuesday amid concerns that excessive dryness in Brazil could lead to smaller coffee yields.  Last Thursday, arabica rallied to a 1-month high due to below-average rainfall in Brazil, the world's largest arabica producer.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 26.5 mm of rain during the week ended January 9, or 29% of the historical average.  

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