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Barchart
Rich Asplund

Coffee Prices Fall as Cecafe Reports Strong Brazilian Coffee Exports

Ice Cecafe Brazil USDA Vietnam ICO

December arabica coffee (KCZ26) on Friday closed down -2.45 (-0.85%), and November ICE robusta coffee (RMX26) closed down -29 (-0.82%).

Arabica coffee traded lower on Friday, consolidating just above Thursday’s 7-week low. Coffee prices traded lower after exporter group Cecafe said late Thursday that Brazil’s total coffee exports in August rose +31% y/y to 4.155 million bags, a record high for the month of August. August arabica exports rose +26% to 2.87 million bags, while robusta exports rose +54% to 953,592 bags. Brazil’s coffee is hitting the export markets as Brazil’s harvest wraps up. Separately, Brazil’s Trade Ministry reported on Tuesday that Brazil's Aug coffee exports rose +44.6% y/y to 206,618 MMT, the most in 8 months.

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