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Barchart
Rich Asplund

SHOCKING: Rain in brazil pressures coffee prices | Mind Blowing Facts

Ice Brazil Vietnam the USDA FAS USDA Drought ICO International Coffee Organization Volcafe

March arabica coffee (KCH25) Tuesday closed down -1.25 (-0.39%), and March ICE robusta coffee (RMH25) closed down -46 (-0.93%).

Coffee prices on Tuesday added to Monday's losses, with arabica and robusta falling to 3-1/2 week lows.  Coffee prices are under pressure after recent above-average rain in Brazil eased drought concerns.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 102.8 mm of rain last week, or 182% of the historical average.

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