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Barchart

Rich Asplund

Rain Forecasts for Brazil Weigh on Coffee Prices

Ice Brazil Somar Meteorologia Conab USDA Minas Gerais Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) today is down -10.95 (-2.84%), and May ICE robusta coffee (RMK25) is down -81 (-1.47%).

Coffee prices today are moderately lower, with arabica posting a 2-week low. Arabica coffee is under pressure after Somar Meteorologia forecast widespread showers next week in Minas Gerais, Brazil's biggest arabica-producing region, which eases dryness concerns. Losses in robusta coffee are limited by signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 1-1/2 week low today of 4,288 lots.

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