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Barchart
Rich Asplund

Coffee Prices Finish Sharply Higher on Slack Rain in Brazil

Ice Brazil Somar Meteorologia USDA Minas Gerais the USDA FAS United States Vietnam Volcafe

July arabica coffee (KCN25) Monday closed up +9.05 (+2.48%), and July ICE robusta coffee (RMN25) closed up +108 (+2.22%).

Coffee prices on Monday settled sharply higher due to lighter-than-normal rainfall in Brazil's coffee-growing regions.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais, received 2.5 mm of rain in the week ended May 17, or 12% of the historical average.  

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