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Barchart
Barchart
Rich Asplund

Coffee Prices Supported by Brazil Harvest Delays

Ice Brazil FAs

July arabica coffee (KCN26) today is up +7.50 (+2.85%), and July ICE robusta coffee (RMN26) is up +49 (+1.36%).

Coffee prices have rallied steadily over the past week, with arabica posting a 2-week high and robusta posting a 5-week high. Coffee prices are supported by concerns that persistent rain in Brazil will delay the coffee harvest. Forecaster Vaisala said moderate to heavy rainfall is forecast across Brazil’s coffee-growing regions this week.

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