Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Coffee Prices Post Moderate Losses as Dryness in Brazil Benefits the Coffee Harvest

July arabica coffee (KCN23) on Monday closed down -5.10 (-2.68%), and July ICE robusta coffee (RMN23) closed down -22 (-0.81%).

Coffee prices Monday closed sharply lower on dry conditions in Brazil that are allowing the pace of the country's coffee harvest to pick up.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 0.2 mm of rain in the week ended June 11, or 2% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.