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Barchart
Barchart
Rich Asplund

Coffee Prices Slip on Larger Coffee Exports from Brazil

Ice Brazil Cecafe arabica Deficit Vietnam El Nino ICO Rabobank USDA FAS

Sep arabica coffee (KCU23) this morning is down -2.00 (-1.22%), and Sep ICE robusta coffee (RMU23) is down -4 (-0.15%).

Coffee prices this morning are under pressure, with arabica falling to a 3-week low.  An increase in Brazil's coffee exports is weighing on prices after Cecafe reported Thursday that Brazil's July green coffee exports rose +22% y/y to 2.7 mln bags, with robusta July exports more than tripling to 505,153 bags.  

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