September arabica coffee (KCU24) today is down -2.50 (-0.79%), and Sep ICE robusta coffee (RMU24) is up +31 (+0.77%).
Coffee prices today are mixed, with arabica falling to a 2-1/2 week low. A slumping Brazilian real (^USDBRL) is undercut coffee prices as the real today posted a new 2-1/2 year low against the dollar, encouraging export sales from Brazil's coffee producers. However, robusta recovered from a 1-month low today and moved higher after Vietnam's General Statistics Office reported that Vietnam's Jan-June coffee exports were down -10.6% y/y at 902 MT.
