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Barchart
Barchart
Rich Asplund

Coffee Prices Pressured by Weakness in the Brazilian Real

Ice Brazil Vietnam Mar ICE International Coffee Organization the USDA FAS USDA

May arabica coffee (KCK24) on Friday closed down -2.85 (-1.56%), and Mar ICE robusta coffee (RMH24) closed down -127 (-4.00%).

Coffee prices on Friday retreated, with robusta falling sharply to a 7-week low.  Weakness in the Brazilian real weighed on coffee prices as the real (^USDBRL) Friday fell to a 2-week low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.  

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