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Barchart
Barchart
Rich Asplund

Coffee Prices Finish Lower on Brazilian Real Weakness and Higher Vietnam Production

Ice Brazil Vietnam arabica Robusta the USDA FAS USDA

July arabica coffee (KCN23) on Thursday closed down -5.30 (-2.82%), and July ICE robusta coffee (RMN23) closed down -20 (-0.78%).

Coffee prices Thursday fell moderately, with arabica posting a 1-1/2 week low.  Weakness in the Brazilian real (^USDBRL) weighed on arabica prices as the real Thursday dropped to a 2-week low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.

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