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Barchart
Barchart
Rich Asplund

Lack of Rain in Brazil Boosts Coffee Prices

Ice Brazil Somar Meteorologia USDA Minas Gerais the USDA FAS United States Vietnam Volcafe

July arabica coffee (KCN25) today is up +8.70 (+2.38%), and July ICE robusta coffee (RMN25) is up +81 (+1.66%).

Coffee prices today are sharply higher due to lighter-than-normal rainfall in Brazil's coffee-growing regions.  Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais, received 2.5 mm of rain in the week ended May 17, or 12% of the historical average.  

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