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Rich Asplund

Resumption of Brazil’s Coffee Harvest Hammers Prices

Ice Brazil BI Vietnam FAs StoneX

July arabica coffee (KCN26) on Friday closed down -8.65 (-3.15%), and July ICE robusta coffee (RMN26) closed down -78 (-2.19%).

Coffee prices settled sharply lower on Friday, with arabica falling to a 1-week low. Prices retreated on Friday after updated weather forecasts called for dry conditions next week in Brazil’s coffee-growing regions, allowing the coffee harvest to resume after being delayed this week by heavy rains.

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