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Barchart
Rich Asplund

Arabica Coffee Slides on Weakness in the Brazilian Real

Brazil Ice USDA Vietnam ICO the International Coffee Organization Volcafe

September arabica coffee (KCU24) today is down -2.50 (-0.79%), and Sep ICE robusta coffee (RMU24) is up +31 (+0.77%).

Coffee prices today are mixed, with arabica falling to a 2-1/2 week low.  A slumping Brazilian real (^USDBRL) is undercut coffee prices as the real today posted a new 2-1/2 year low against the dollar, encouraging export sales from Brazil's coffee producers.  However, robusta recovered from a 1-month low today and moved higher after Vietnam's General Statistics Office reported that Vietnam's Jan-June coffee exports were down -10.6% y/y at 902 MT.  

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