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Barchart
Barchart
Rich Asplund

Coffee Prices Surge on Brazil Harvest Delays and Tight Supplies

Ice Brazil Somar Meteorologia FAs Vietnam

September arabica coffee (KCU26) on Tuesday closed up +18.65 (+6.71%), and September ICE robusta coffee (RMU26) closed up +94 (+2.64%).

Coffee prices surged on Tuesday, posting 4.5-month highs. Heavy rains in Brazil have delayed the country’s coffee harvest and are raising concerns about the crop. Somar Meteorologia reported on Monday that rainfall in Minas Gerais, Brazil’s biggest coffee-growing region, was 31.3 mm of rain in the week through June 28, or 1,956% of the historical average.

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