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Rich Asplund

Arabica Coffee Tumbles on Brazil Harvest Pressures

Ice Brazil Vietnam FAs StoneX

July arabica coffee (KCN26) on Tuesday closed down -1.40 (-0.54%), and July ICE robusta coffee (RMN26) closed up +24 (+0.70%).

Coffee prices settled mixed on Tuesday, with arabica falling to a 1.5-year nearest-futures low. Coffee prices are under pressure amid weather forecasts calling for drier conditions this week in Brazil’s coffee-growing regions, which would allow the coffee harvest to resume after being delayed last week by heavy rains.

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