Arabica coffee hits 1-month high on dry Brazilian weather

Arabica coffee futures on ICE hit their highest in more than a month, supported by dry weather at the start of the flowering season in Brazil which some observers believe could hamper 2020/21 output.

Somar Meteorologia stating that most arabica-coffee crops in the Cerrado region of Minas Gerais, the biggest arabica coffee growing region in Brazil have not had significant rain in 3 months and that temperatures have been above average which has stressed crops.

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