Coffee Prices Finish Sharply Higher on Slack Rain in Brazil
July arabica coffee (KCN25 ) Monday closed up +9.05 (+2.48%), and July ICE robusta coffee (RMN25 ) closed up +108 (+2.22%). Coffee prices on Monday settled sharply higher due to lighter-than-normal rainfall in Brazil’s coffee-growing regions. Somar Meteorologia reported Monday that Brazil’s biggest arabica coffee growing area of Minas Gerais,…