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Barchart
Barchart
Rich Asplund

Coffee Prices Slip as Dry Conditions in Brazil Speed up the Coffee Harvest

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Sep arabica coffee (KCU23) this morning is down -0.45 (-0.31%), and Sep ICE robusta coffee (RMU23) is down -41 (-1.56%).

Coffee prices this morning are moderately lower on the outlook for dry conditions in Brazil to speed up the pace of the country's coffee harvest.  Somar Meteorologia reported today that Brazil's Minas Gerais region received+0.1 mm of rain in the previous week, only 2% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.  The dry conditions should further boost the pace of the Brazil coffee harvest.

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