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Rich Asplund

Coffee Price Retreat as Brazil’s Coffee Harvest Accelerates

Ice Brazil USDA Colombia

September arabica coffee (KCU26) is down -5.60 (-1.54%) today, and September ICE robusta coffee (RMU26) is down -44 (-1.17%).

Coffee prices are under pressure today as drier weather in Brazil has allowed for the pace of the country’s coffee harvest to accelerate. Brazil’s Cooxupe co-op reported today 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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