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Rich Asplund

Coffee Prices Retreat on Larger Brazil Coffee Exports

Ice Brazil Vietnam the USDA FAS the International Coffee Organization Volcafe

July arabica coffee (KCN24) today is down -2.70 (-1.22%), and July ICE robusta coffee (RMN24) is down -38 (-0.91%).

Coffee prices today are moderately lower, with arabica posting a 2-1/2 week low and robusta posting a 1-week low.  Signs of larger coffee exports from Brazil are bearish for prices after Cecafe reported late Tuesday that Brazil's May green coffee exports surged 90% y/y to 4 million bags.

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