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Rich Asplund

THE TRUTH ABOUT: Coffee prices fall back on rain in brazil - The Untold Story

Ice Brazil Somar Meteorologia Vietnam USDA Minas Gerais International Coffee Organization

May arabica coffee (KCK24) on Monday closed down -0.70 (-0.39%), and May ICE robusta coffee (RMK24) closed down -10 (-0.33%).

Coffee prices on Monday settled lower on reduced concerns about dry conditions in Brazil. Somar Meteorologia Monday reported that Brazil's Minas Gerais region received 59.5 mm of rainfall in the past week, or 131% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop.

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