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Rich Asplund

Rain Forecasts for Brazil Weigh on Arabica Coffee Prices

Ice Brazil United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Thursday closed down -7.85 (-2.04%), and November ICE robusta coffee (RMX25) closed up +26 (+0.57%).

Coffee prices settled mixed on Thursday, with robusta posting a 3-week high.  Arabica coffee fell sharply on Thursday due to forecasts for rain in Brazil's coffee-growing regions later this week.  Climatempo stated that some areas of Minas Gerais are expected to receive a "significant amount" of rain, up to 30 mm, which is expected to promote coffee flowering.

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