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Barchart
Barchart
Rich Asplund

Brazilian Real Weakness Slams Coffee Prices

Ice Brazil Vietnam FAs StoneX

July arabica coffee (KCN26) on Friday closed down -8.80 (-3.19%), and July ICE robusta coffee (RMN26) closed down -122 (-3.50%).

Coffee prices plummeted on Friday, with arabica posting a 9-month low and robusta posting a 1-week low.  Weakness in the Brazilian real (^USDBRL) is undercutting coffee prices, as the real fell to a 5-week low against the dollar on Friday.  The weaker real encourages export sales from Brazil's coffee producers.

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