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Rich Asplund

Coffee Prices Retreat on Brazilian Real Weakness and Higher Vietnam Coffee Output

Ice Brazil Arabica Vietnam USDA Robusta

July arabica coffee (KCN23) this morning is down -4.70 (-2.50%), and July ICE robusta coffee (RMN23) is down -18 (-0.70%).

Coffee prices this morning are moderately lower, with arabica falling to a 1-1/2 week low. Weakness in the Brazilian real (^USDBRL) is weighing on arabica prices as the real today dropped to a 2-week low against the dollar. The weaker real encourages export selling from Brazil's coffee producers.

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