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Rich Asplund

Coffee Prices Mixed on Slack Rain in Brazil and Higher Vietnam Coffee Exports

Ice Brazil BI Vietnam United States Somar Meteorologia FAs

March arabica coffee (KCH26) today is up +0.60 (+0.17%). March ICE robusta coffee (RMH26) is down -100 (-2.53%).

Coffee prices are mixed today, with robusta falling to a 1-week low. Below-average rainfall in Brazil is supporting arabica coffee. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 47.9 mm of rain during the week ended January 2, or 67% of the historical average. Also, strength in the Brazilian real is supportive for arabica coffee. The real (^USDBRL) climbed to a 3-week high against the dollar today, discouraging export sales from Brazil's coffee producers.

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