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Barchart
Barchart
Rich Asplund

Coffee Prices Decline as the Brazilian Real Tumbles to a Record Low

Ice Brazil USDA Vietnam Volcafe the International Coffee Organization

March arabica coffee (KCH25) today is down -4.60 (-1.41%), and January ICE robusta coffee (RMF25) is down -37 (-0.71%).

Coffee prices today are moderately lower as a slump in the Brazilian real (^USDBRL) to a record low against the dollar sparked long liquidation in coffee futures.  The weaker real encourages export selling by Brazil's coffee producers, thus boosting supplies.

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