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Barchart
Barchart
Rich Asplund

Coffee Prices Sink as Brazil Rains Aid the Coffee Crop

Ice Brazil Somar Meteorologia Cecafe United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Tuesday closed down -17.20 (-4.68%), and November ICE robusta coffee (RMX25) closed down -162 (-3.79%).

Coffee prices sold off sharply on Tuesday, with arabica falling to a 1-month low.  Rains in Brazil are easing dry conditions and undercutting coffee prices.  Brazil's Somar Meteorologia reported rainfall in Minas Gerais on Tuesday and said more showers are expected for the rest of the week.

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