Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Arabica coffee soars on brazil dryness and brazilian real strength | History Defined

March arabica coffee (KCH26) today is up +13.30 (+3.70%).  March ICE robusta coffee (RMH26) is up +63 (+1.61%).

Coffee prices are sharply higher today, with arabica posting a 4-week high.  Below-average rainfall in Brazil, the world's largest arabica producer, is supporting arabica coffee.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 47.9 mm of rain during the week ended January 2, or 67% of the historical average.   Also, strength in the Brazilian real is supportive for arabica coffee.  The real (^USDBRL) rallied to a 1-month high against the dollar today, discouraging export sales from Brazil's coffee producers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.