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Rich Asplund

Coffee Prices Finish Sharply Higher on Brazil Crop Concerns

Ice Brazil Somar Meteorologia Conab the USDA FAS USDA Vietnam Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Monday closed up +13.60 (+3.65%), and May ICE robusta coffee (RMK25) closed up +156 (+2.93%).

Coffee prices rallied sharply on Monday as below-normal rain in Brazil may reduce coffee crop yields. Somar Meteorologia reported last Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 11.4 mm the week ended February 22, or 24% of the historical average. Brazil is the world's biggest arabica coffee growing country.

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