Brazil's Rain Boosts Coffee Prices

Coffee prices receive a boost as Brazils Minas Gerais region receives ample rain, easing dryness concerns for growers. However, Brazils increased production forecast and decreased exports keep prices in check. US imports from Brazil dropped due to high tariffs, but tight stocks support prices. Vietnams robusta output surges, but global exports dip slightly. Traders await Brazils weather and Vietnams crop for the next price movement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.