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Barchart
Rich Asplund

Harvest-Friendly Weather in Brazil Weighs on Arabica Coffee Prices

Ice Brazil USDA Vietnam

September arabica coffee (KCU26) closed down -12.60 (-3.79%) on Monday, and September ICE robusta coffee (RMU26) closed up +4 (+0.11%).

Coffee prices settled mixed on Monday. Arabica coffee closed sharply lower as drier conditions in Brazil’s coffee-growing regions should allow for the pace of the country’s coffee harvest to pick up. Somar Meteorologia reported on Monday that no rain fell in the week ended August 2 in Minas Gerais, Brazil’s biggest coffee-growing region.

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