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Barchart
Barchart
Rich Asplund

Brazil Coffee Harvest Pressures Weigh on Prices

September arabica coffee (KCU25) Wednesday closed down -0.75 (-0.26%), and September ICE robusta coffee (RMU25) closed down -58 (-1.58%).

Coffee prices on Wednesday added to this week's losses, with Sep arabica coffee falling to a contract low and the nearest-futures (N25) contract dropping to a 7-1/2 month low.  The advancing coffee harvest in Brazil is also weighing on coffee prices.  Brazil's Cooxupe coffee co-op announced today that its members reported the coffee harvest was 31% complete as of June 27, compared with 42% completed at the same time last year.  Additionally, forecasts for dry conditions over the next five days in Brazil's coffee-growing regions are expected to further boost the harvest.  Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter of coffee.  Also, Safras & Mercado recently reported that Brazil's 2025/26 coffee harvest was 35% complete as of June 11, slightly behind last year's comparable level of 37% but in line with the 5-year average of 35%.  The breakdown showed that 49% of the robusta harvest and 26% of the arabica harvest were complete as of June 11.  Brazil's arabica harvest has been slowed by heavy rain in some areas.

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