Coffee Service

Brazilian real weakness undercuts coffee prices

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July 12, 2022

Coffee prices declined Monday on weakness in the Brazilian real and other factors, according to a barchart.com report.

September arabica coffee closed down 7.20 (-3.27%) while September ICE Robusta coffee closed down 15 (-0.76%).

The Brazilian real fell by 2.01% against the U.S. dollar, boosting export selling by Brazil coffee producers.

In addition, Brazilian coffee farmers picked 48% of the 2022 coffee crop by July 5.

The International Coffee Organization reported last Tuesday that 2022 coffee exports for October through May were up 1.3% year-on-year, another bearish sign. In addition, the Colombia Coffee Growers Federation on Wednesday reported Colombia's June exports increased 6%.