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Rich Asplund

Coffee Prices Retreat as Drought Concerns Ease in Brazil

Ice Brazil Drought Somar Meteorologia USDA Vietnam the International Coffee Organization the USDA FAS Volcafe

March arabica coffee (KCH25) Friday closed down -8.20 (-2.51%), and March ICE robusta coffee (RMH25) closed down -88 (-1.74%).

Coffee prices posted moderate losses on Friday as recent above-average rain in Brazil eased drought concerns. Coffee prices fell to 4-week lows Tuesday after Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 102.8 mm of rain last week, or 182% of the historical average.

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