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Barchart
Rich Asplund

Coffee Prices Retreat on Favorable Growing Conditions in Brazil

Ice Brazil Somar Meteorologia Vietnam the USDA FAS

July arabica coffee (KCN25) Monday closed down -5.75 (-1.64%), and July ICE robusta coffee (RMN25) closed down -77 (-1.74%).

July arabica coffee prices on Monday gave up an early advance and fell sharply on news of beneficial rainfall in Brazil.  Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 10.6 mm of rain during the week ended June 14, 131% of the historical average for this time of year.

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