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Barchart
Barchart
Rich Asplund

Coffee Prices Pressured by Brazil Coffee Harvest

Ice Brazil Vietnam FAs StoneX

July arabica coffee (KCN26) on Monday closed down -0.60 (-0.24%), and July ICE robusta coffee (RMN26) closed up +17 (+0.51%).

Coffee prices settled mixed on Monday. The ongoing harvest in Brazil is weighing on coffee prices. Weakness in the Brazilian real (^USDBRL) is also negative for coffee prices as the real fell to a 2-month low against the dollar on Monday, encouraging export sales by Brazil’s coffee producers.

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