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Barchart
Barchart
Rich Asplund

DARK SECRETS: Coffee prices supported by below normal rainfall in brazil | Vintage Vibes

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

December arabica coffee (KCZ24) Monday closed up +3.00 (+1.23%), and January ICE robusta coffee (RMF25) closed up +39 (+0.91%).

Coffee prices posted moderate gains on Monday as the below-normal rain in Brazil threatens to 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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