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Barchart
Rich Asplund

NY Coffee Prices Fall on Rapid Brazilian Harvest

Ice Brazil Vietnam the USDA FAS Safras Mercado USDA Volcafe

September arabica coffee (KCU24) on Friday closed down -2.70 (-1.12%), and Sep ICE robusta coffee (RMU24) closed up +51 (+1.14%).

Coffee prices Friday fell to 1-week lows but settled mixed.  Coffee harvest pressures in Brazil weighed on prices after Safras & Mercado reported Friday that Brazil's 2024/25 coffee harvest was 74% completed as of July 16, faster than 66% last year at the same time and faster than the 5-year average of 70%.  Brazil is the world's largest producer of arabica coffee beans.  

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