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Rich Asplund

Brazil Harvest Pressures Weigh on Coffee Prices

Ice Brazil USDA Colombia

December arabica coffee (KCZ26) closed down -6.65 (-2.02%) on Friday, and September ICE robusta coffee (RMU26) closed down -104 (-2.81%).

Coffee prices settled sharply lower on Friday, with robusta falling to a 1-week low. Coffee is under pressure on expectations that drier weather in Brazil will speed up the country’s coffee harvest. Robusta is also falling amid rising inventories as ICE robusta inventories climbed to an 8.75-month high of 4,732 lots on Friday.

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