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Barchart
Rich Asplund

Coffee Prices Finish Sharply Higher on Excessive Dryness in Brazil

Ice Brazil Cecafe United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Monday closed up +11.20 (+3.00%), and November ICE robusta coffee (RMX25) closed up +121 (+2.81%).

Coffee prices settled sharply higher on Monday, with arabica posting a 1-week high.   Excessive dryness in Brazil's coffee-growing regions has sparked crop concerns ahead of the critical flowering period for coffee trees and is bullish for coffee prices.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended September 6.  

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