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Barchart
Barchart
Rich Asplund

Arabica Coffee Under Pressure from Weakness in the Brazilian Real

Brazil Ice USDA Vietnam International Coffee Organization Rabobank

May arabica coffee (KCK24) this morning is down -0.15 (-0.08%), and ICE robusta coffee (RMK24) is up +24 (+0.73%).

Coffee prices this morning are mixed.  Weakness in the Brazilian real is weighing on arabica coffee prices after the real (^USDBRL) today fell to a 5-week low against the dollar.  The weaker real encourages export selling by Brazil's coffee producers.  Robusta coffee has support on the outlook for a global deficit after Marex Group Plc forecasted a global 2024/25 robusta coffee deficit of -2.7 million bags due to reduced output in Vietnam.

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