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Barchart
Rich Asplund

THE TRUTH ABOUT: Coffee prices fall as brazil drought concerns ease | History Defined

Ice Brazil Drought USDA Vietnam the USDA FAS International Coffee Organization Volcafe

March arabica coffee (KCH25) today is down -5.70 (-1.78%), and March ICE robusta coffee (RMH25) is down -59 (-1.20%).

Coffee prices today added to Monday's losses, with arabica and robusta falling to 3-1/2 week lows.  Coffee prices are under pressure after recent above-average rain in Brazil eased drought concerns.  Somar Meteorologia reported Monday 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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