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Rich Asplund

Arabica Coffee Weighed Down by Weakness in the Brazilian Real

Brazil Ice may Vietnam International Coffee Organization Rabobank USDA

May arabica coffee (KCK24) on Monday closed down -1.20 (-0.66%), and ICE robusta coffee (RMK24) closed up +35 (+1.06%).

Coffee prices on Monday settled mixed, with robusta posting a 1-week high.  Weakness in the Brazilian real undercuts arabica coffee prices after the real (^USDBRL) Monday 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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