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Barchart
Rich Asplund

Arabica Coffee Slips on Weakness in the Brazilian Real

Ice Brazil Vietnam International Coffee Organization Rabobank USDA

May arabica coffee (KCK24) this morning is down -0.20 (-0.11%), and ICE robusta coffee (RMK24) is up +15 (+0.45%).

Coffee prices this morning are mixed, with robusta posting a 1-week high.  Weakness in the Brazilian real is undercutting arabica coffee prices after the real (^USDBRL) today tumbled to a 4-1/2 month low against the dollar.  The weaker real encourages export selling by Brazil's coffee producers.

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