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Barchart
Barchart
Rich Asplund

Coffee Prices Close Lower as Brazil's Coffee Exports Increase

Sep arabica coffee (KCU23) on Thursday closed down -0.85 (-0.53%), and Sep ICE robusta coffee (RMU23) closed down -13 (-0.49%).

Coffee prices Thursday closed moderately lower.  An increase in Brazil's coffee exports weighed on coffee prices Thursday after Cecafe reported Brazil's July green coffee exports rose +22% y/y to 2.7 mln bags, with robusta July exports more than tripling to 505,153 bags.  Strength in the Brazilian real was a supportive factor for coffee prices after the real (^USDBRL) Thursday climbed to a 1-week high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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