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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat as Brazil Rains Improve Crop Conditions

Ice Brazil FAs Vietnam

March arabica coffee (KCH26) on Tuesday closed down -8.80 (-2.48%).  March ICE robusta coffee (RMH26) closed down -75 (-1.87%).

Coffee prices settled sharply lower on Tuesday, with arabica falling to a 2-week low.  Forecasts for rain in Brazil's coffee-growing regions throughout this week have eased concerns over dry conditions and are weighing on coffee prices.  The Weather Channel is forecasting showers every day this week in Minas Gerais, Brazil's largest arabica coffee-growing region.

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