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

INSANE: Brazil s worst drought in 40 years boosts coffee prices - The Real Truth

December arabica coffee (KCZ24) today is up +1.60 (+0.65%).  November ICE robusta coffee (RMX24) is up +201 (+4.10%).

Coffee prices today are moderately higher, with Nov robusta posting a contract high and nearest-futures (U24) robusta posting a record high.  Excessive dryness in Brazil may cause premature flowering of coffee trees and reduce yields for Brazil's 2024/25 coffee crop.  According to the natural disaster monitoring center Cemaden, Brazil has been facing the driest weather since 1981 and there is no rain in the forecast until mid-September, when coffee trees usually flower.

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.