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Barchart
Barchart
Rich Asplund

Brazil Harvest Pressures Weigh on Coffee Prices

Ice Brazil Cooxupe Deficit El Nino Rabobank Robusta USDA FAS

Sep arabica coffee (KCN23) this morning is down -1.45 (-0.90%), and Sep ICE robusta coffee (RMN23) is down -8 (-0.32%).

Coffee prices this morning are moderately lower.  Ongoing dry weather in Brazil is accelerating the country's coffee harvest and is weighing on prices.   Cooxupe, Brazil's coffee export cooperative, reported today that Brazil's coffee harvest was 34.6% completed as of June 30, well ahead of the 25.7% completed at the same time last year.

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