July arabica coffee (KCN23) on Friday closed down -2.10 (-1.12%), and July ICE robusta coffee (RMN23) closed down -8 (-0.29%).
Coffee prices Friday closed moderately lower, with robusta falling back from a record high (data from 2008). A recovery in the dollar Friday sparked long liquidation pressures in coffee futures after the dollar index (DXY00) rebounded from a 5-week low and moved higher. Coffee prices also fell Friday on a report from Bloomberg that said the world's biggest coffee makers are delaying bean purchases from Brazil as they use up stockpiles accumulated during the pandemic and wait for lower prices.
