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Barchart
Barchart
Rich Asplund

UNCOVERED: Coffee prices settle higher on brazil crop concerns | History Defined

Ice Brazil Somar Meteorologia the USDA FAS USDA Vietnam Cecafe International Coffee Organization

December arabica coffee (KCZ24) Tuesday closed up +4.20 (+1.71%), and January ICE robusta coffee (RMF25) closed up +54 (+1.25%).

Coffee prices on Tuesday settled moderately higher due to the concern that abnormally dry conditions in Brazil will curb the country's coffee production.  Somar Meteorologia reported Monday that rainfall in Brazil's biggest arabica coffee growing area of Minas Gerais received 27.4 mm of rain last week, or only 64% of the historical average.  Minas Gerais is Brazil's largest arabica coffee-producing area,

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