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Rich Asplund

Coffee Prices Plummet as Frost Risks in Brazil Subside

Ice Brazil arabica Vietnam USDA

September arabica coffee (KCU25) Tuesday closed down -15.20 (-4.65%), and July ICE robusta coffee (RMN25) closed down -159 (-3.99%).

Coffee prices sold off sharply on Tuesday, with arabica coffee falling to a 5-1/2 month low and robusta sliding to a 13-month low. Coffee prices collapsed on Tuesday after updated weather forecasts eliminated the chance of frost in Brazil's coffee-growing regions of São Paulo and Minas Gerais.

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