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Barchart
Barchart
Rich Asplund

The Outlook for Brazil’s Coffee Harvest to Accelerate Weighs on Prices

Ice Brazil USDA Vietnam

September arabica coffee (KCU26) closed down -5.25 (-1.61%) on Thursday, and September ICE robusta coffee (RMU26) closed down -93 (-2.39%).

Coffee prices retreated on Thursday on forecasts for dry weather in Brazil’s coffee-growing regions into next week, which should allow the coffee beans to dry and allow farmers to accelerate the pace of the country’s coffee harvest. On Monday, Somar Meteorologia reported that no rain fell in the week ended August 2 in Brazil’s Minas Gerais, the country’s main arabica-coffee growing region.

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