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Barchart
Barchart
Rich Asplund

Coffee Prices Slip on Brazilian Real Weakness and Increased Vietnam Coffee Exports

Ice Brazil Vietnam Rabobank the USDA FAS

May arabica coffee (KCK24) this morning is down -2.25 (-1.18%), and May ICE robusta coffee (RMK24) is down -69 (-1.94%).

Coffee prices this morning are trading lower.  Weakness in the Brazilian real today is undercutting arabica coffee prices as the real (^USDBRL) dropped to a 1-week low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.  Robusta coffee prices are sliding after Vietnam's agriculture ministry today reported that Vietnam's Q1 coffee exports rose +44% y/y to 799,000 MT.

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