Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Coffee Prices Surge on Brazil Dryness and Tighter Global Supplies

December arabica coffee (KCZ25) on Friday closed up +10.75 (+2.78%), and November ICE robusta coffee (RMX25) closed up +80 (+1.77%).

Coffee prices rallied sharply on Friday, with arabica posting a 4-month high and robusta posting a 1.5-week high.  The lack of rain in Brazil's coffee-growing regions ahead of the critical flowering period for coffee trees is underpinning coffee prices.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended September 6.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.