December arabica coffee (KCZ25) on Wednesday closed up +5.10 (+1.34%), and November ICE robusta coffee (RMX25) closed up +106 (+2.43%).
Coffee prices on Wednesday settled sharply higher, with arabica coffee just below Tuesday's 4-month high. The lack of rain in Brazil's coffee-growing regions ahead of the critical flowering period for coffee trees is underpinning coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended September 6.
