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Barchart
Barchart
Rich Asplund

Coffee Prices Surge as Rain Delays Brazil Harvest

Ice Brazil FAs Vietnam

July arabica coffee (KCN26) on Tuesday closed up +14.30 (+5.44%), and July ICE robusta coffee (RMN26) closed up +62 (+1.72%).

Coffee prices surged to 5-week highs on Tuesday and settled sharply higher. 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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