Recent Rainfall in Brazil Eases Dryness Concerns, Impacting Coffee Prices
Wednesday, 17 July 2024, 18:22
Coffee Prices Update
Coffee prices saw a moderate decline in response to recent rainfall in Brazil, addressing previous dryness concerns. Arabica and robusta markets were both affected by the changing weather conditions.
Arabica Market Trends
The Arabica segment experienced a downturn following the easing of dryness concerns in Brazil, leading to a decrease in prices.
Robusta Market Pressures
ICE-monitored robusta prices faced pressure as a result of the improved weather conditions in Brazil.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.