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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat on the Outlook for Higher Brazil Coffee Output

Ice Brazil Vietnam Conab the International Coffee Organization USDA Volcafe

July arabica coffee (KCN24) on Thursday closed down -4.80 (-2.18%), and July ICE robusta coffee (RMN24) closed down -98 (-2.50%).

Coffee prices Thursday retreated from 3-week highs and closed moderately lower.  Long liquidation emerged in coffee futures Thursday after Conab revised its 2024 Brazil coffee production estimate up to 58.8 million bags from a January forecast of 58.1 million bags.  

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