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Rich Asplund

RARE PHOTOS: Coffee prices close sharply lower as supply concerns ease | Vintage Vibes

Ice Brazil Vietnam ICO International Coffee Organization the USDA FAS USDA Volcafe

July arabica coffee (KCN24) Friday closed down -9.40 (-4.01%), and July ICE robusta coffee (RMN24) closed down -150 (-3.39%).

Coffee prices Friday closed sharply lower. A faster pace to Brazil's coffee harvest boosts coffee supplies and undercuts prices. Consulting firm Safras & Mercado reported Friday that Brazil's 2024/25 coffee harvest is 29% completed as of June 4, above the 26% last year at the same time and above the 5-year average of 27%.

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