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Barchart
Rich Asplund

Rain in Brazil Undercuts Coffee Prices

Ice Brazil USDA Vietnam Drought the International Coffee Organization Volcafe

March arabica coffee (KCH25) today is down -2.30 (-0.71%), and March ICE robusta coffee (RMH25) is down -39 (-0.79%).

Coffee prices today are moderately lower, with arabica coffee falling to a 2-week low and robusta sliding to a 3-week low.  Coffee prices are under pressure after recent above-normal rain in Brazil eased drought concerns.  Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 102.8 mm of rain last week, or 182% of the historical average.

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