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Barchart
Barchart
Rich Asplund

Arabica Coffee Pressured by Brazilian Real Weakness

Ice Brazil Vietnam International Coffee Organization Rabobank the USDA FAS

May arabica coffee (KCK24) on Friday closed down -0.90 (-0.49%), and ICE robusta coffee (RMK24) closed up +31 (+0.95%).

Coffee prices on Friday settled mixed.  Weakness in the Brazilian real weighed on arabica coffee prices after the real (^USDBRL) Friday fell to a 5-week low against the dollar.  The weaker real encourages export selling by Brazil's coffee producers.

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