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Barchart
Barchart
Rich Asplund

Coffee Prices Slump on Brazilian Real Weakness

Ice Brazil Vietnam FAs StoneX

July arabica coffee (KCN26) today is down -8.60 (-3.12%), and July ICE robusta coffee (RMN26) is down -125 (-3.58%).

Coffee prices are sinking today, with arabica posting a 9-month low and robusta posting a 1-week low.  Weakness in the Brazilian real (^USDBRL) is undercutting coffee prices, as the real fell to a 5-week low against the dollar today.  The weaker real encourages export sales from Brazil's coffee producers.

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