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Barchart
Rich Asplund

Coffee Prices Settle Mixed as Arabica Supported by Dryness in Brazil

Ice Brazil Vietnam USDA Volcafe the International Coffee Organization the USDA FAS

March arabica coffee (KCH25) Wednesday closed up +7.70 (+2.37%), and January ICE robusta coffee (RMF25) closed down -65 (-1.25%).

Coffee prices on Wednesday settled mixed, with arabica posting a 1-week high.  Coffee prices are seeing support from dry conditions in Brazil, the world's largest producer of arabica coffee.  Somar Meteorologia reported Monday that rainfall in Brazil's biggest arabica coffee growing area of Minas Gerais received 35.2 mm of rain last week, or only 65% of the historical average.  Minas Gerais is Brazil's largest arabica coffee-producing area.

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