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Rich Asplund

Coffee Prices Turn Lower on Brazil Harvest Pressures

Ice Brazil USDA Cooxupe Vietnam Safras Mercado United States Volcafe

July arabica coffee (KCN25) today is down -5.10 (-1.41%), and July ICE robusta coffee (RMN25) is down -60 (-1.33%).

Coffee prices today gave up an early advance and turned sharply lower due to Brazil's coffee harvest pressures. Brazil's Cooxupe coffee co-op announced today that its members reported the coffee harvest was 13.7% complete, compared with 13.6% at the same time last year. Cooxupe is Brazil's largest coffee cooperative. It is also the world's largest coffee cooperative and Brazil's largest exporter of coffee.

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