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Barchart
Barchart
Rich Asplund

Coffee Prices Push Higher on Dry Conditions in Brazil

Ice Brazil Vietnam Somar Meteorologia USDA Minas Gerais the International Coffee Organization Volcafe

July arabica coffee (KCN24) today is up +1.95 (+0.87%), and July ICE robusta coffee (RMN24) is up +35 (+0.85%).

Coffee prices today are climbing due to concerns that drier-than-normal conditions will adversely affect Brazil's coffee crops.  Somar Meteorologia reported today that Brazil's Minas Gerais region received no rain for the second straight week in the past week.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

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