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Rich Asplund

Coffee Prices Erase Early Gains as the Brazilian Real Declines

Ice Brazil United States Vietnam arabica Conab FAs

December arabica coffee (KCZ25) on Tuesday closed down -1.40 (-0.34%), and January ICE robusta coffee (RMF26) closed down -12 (-0.26%).

Coffee prices fell from 1.5-week highs on Tuesday and closed lower amid long liquidation in coffee futures, sparked by weakness in the Brazilian real (^USDBRL). The real fell to a 1.5-week low against the dollar on Tuesday, encouraging export sales from Brazil's coffee producers.

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