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Rich Asplund

Coffee Prices Erase Early Gains as the Brazilian Real Slumps

Ice Brazil Conab the USDA FAS Vietnam USDA Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Thursday closed down -1.60 (-0.43%), and May ICE robusta coffee (RMK25) closed down -34 (-0.63%).

Coffee prices Thursday gave up early gains and turned lower after a decline in the Brazilian real (^USDBRL) to a 3-week low against the dollar sparked long liquidation in coffee futures.  The weaker real encourages export selling by Brazil's coffee producers.

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