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Rich Asplund

Brazil Coffee Harvest Pressures Weigh on Coffee Prices

Ice Brazil USDA Colombia

September arabica coffee (KCU26) closed down -3.90 (-1.07%) on Wednesday, and September ICE robusta coffee (RMU26) closed down -37 (-0.99%).

Coffee prices came under pressure on Wednesday as drier weather in Brazil has allowed for the pace of the country’s coffee harvest to accelerate. Brazil’s Cooxupe co-op reported on Wednesday that 81.1% of the harvest was complete as of Aug 14, up 7 points from the prior week but still down slightly from 86.1% a year earlier.

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