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Rich Asplund

NY Coffee Prices Rally on Lack of Recent Rain in Brazil

Ice Brazil Vietnam Somar Meteorologia USDA Minas Gerais Safras Mercado the USDA FAS Volcafe

September arabica coffee (KCU24) today is up +6.15 (+2.58%), and Sep ICE robusta coffee (RMU24) is up +54 (+1.19%).

Coffee prices are higher today after Somar Meteorologia reported that Brazil's Minas Gerais region received no rain last week, versus the historical average for the week of 2.6 mm. Minas Gerais accounts for about 30% of Brazil's arabica crop.

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