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Rich Asplund

Coffee Prices Fall on Brazil Rains and Brazilian Real Weakness

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December arabica coffee (KCZ25) on Friday closed down -4.20 (-1.11%), and November ICE robusta coffee (RMX25) closed down -88 (-1.93%).

Coffee prices moved lower on Friday, with arabica posting a 1-week low. Coffee prices have been under pressure for the past two sessions due to forecasts for rain in Brazil's coffee-growing regions. Climatempo stated that some areas of Minas Gerais are expected to receive a "significant amount" of rain, up to 30 mm, which is expected to promote coffee flowering.

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