Coffee Prices Settle Higher: Impact of Dry Conditions on Crops

Tuesday, 20 August 2024, 11:36

Coffee prices settle higher due to dry conditions threatening coffee crops. September arabica coffee closed up +3.55 (+1.44%), while robusta rose +171 (+3.63%).
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Coffee Prices Settle Higher: Impact of Dry Conditions on Crops

Coffee Prices Settle Higher Due to Environmental Stressors

On Tuesday, September arabica coffee (KCU24) closed up +3.55 (+1.44%) and September ICE robusta coffee (RMU24) surged +171 (+3.63%). This rise in coffee prices highlights the growing concerns over dry conditions that are increasingly threatening coffee crops worldwide.

Impact of Drought on Coffee Crops

As farmers face threatening dry spells, the anticipated yields are diminishing. Arabica coffee is particularly vulnerable, which is reflected in its price movements.

  • Arabica Coffee Prices Rising
  • Robusta Coffee Sees Similar Trends
  • Long-Term Outlook for Coffee Markets

Market Reactions and Future Predictions

Analysts highlight that such environmental factors significantly impact the coffee market's dynamics, and traders remain vigilant.


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.


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