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Rich Asplund

Coffee Prices Slide as Dry Conditions in Brazil Benefit the Coffee Harvest

Ice Brazil Arabica Somar Meteorologia the USDA FAS USDA Robusta the International Coffee Organization the US Climate Prediction Center Vietnam

July arabica coffee (KCN23) this morning is down -5.40 (-2.83%), and July ICE robusta coffee (RMN23) is down -20 (-0.73%).

Coffee prices this morning are moderately lower on dry conditions in Brazil that are allowing the pace of the country's coffee harvest to pick up. Somar Meteorologia reported today that Brazil's Minas Gerais region received 0.2 mm of rain in the week ended June 11, or 2% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop.

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