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Rich Asplund

FOUND: Lackluster rains in brazil boost coffee prices - What They Never Told You

Ice Brazil United States Somar Meteorologia European Union FAs Vietnam

March arabica coffee (KCH26) on Tuesday closed up +2.55 (+0.70%), and January ICE robusta coffee (RMF26) closed up +10 (+0.24%).

Coffee prices rose on Tuesday, recovering some of Monday's sharp losses. Below-normal precipitation in Brazil is supportive of coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 11 mm of rain during the week ended December 5, or 17% of the historical average.

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