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Barchart
Barchart
Rich Asplund

Coffee Prices Close Lower on Brazilian Real Weakness and Increased Vietnam Coffee Exports

May arabica coffee (KCK24) on Thursday closed down -1.80 (-0.94%), and May ICE robusta coffee (RMK24) closed down -80 (-2.25%).

Coffee prices on Thursday posted moderate losses.  Weakness in the Brazilian real on Thursday undercut arabica coffee prices as the real (^USDBRL) dropped to a 1-week low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.  Robusta coffee prices retreated after Vietnam's agriculture ministry reported on Thursday that Vietnam's Q1 coffee exports rose +44% y/y to 799,000 MT.

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