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Barchart
Barchart
Rich Asplund

Coffee Prices Rise as Brazil Rain Forecasts May Delay Harvest

Ice Brazil USDA Minas Gerais Vietnam

September arabica coffee (KCU26) closed up +4.60 (+1.44%) on Tuesday, and September ICE robusta coffee (RMU26) closed up +68 (+1.80%).

Coffee prices settled higher on Tuesday as short covering emerged after an unexpected chance of rain was forecast for Minas Gerais, Brazil’s largest coffee-growing region, which could further delay the country’s coffee harvest.

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