Coffee prices today are moderately higher. The Brazilian real (^USDBRL) is up +0.62% today and is just below Tuesday's 2-1/2 week high, which has sparked some short covering in coffee futures.
Coffee prices are seeing support from dry conditions in Brazil, the world's largest producer of arabica coffee. Somar Meteorologia reported Monday that rainfall in Brazil's biggest arabica ...
Brazilian food supply and statistics agency Conab has reported that Brazil’s coffee production is expected to decline in 2019 to between 50.48 and 54.48 million bags.
The price of coffee on international commodity markets hit its highest level on record last month, with the price for Arabica beans, which account for two thirds of global production, reaching $3.44 ...
It seems likely, however, that higher coffee prices — substantially higher in some cases — are going to be a fact of life in the months to come. Historic drought conditions in Brazil ...