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Barchart
Rich Asplund

MYSTERIOUS: Coffee prices ease on brazil harvest pressures - What They Never Told You

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July arabica coffee (KCN24) Tuesday closed down -0.85 (-0.38%), and July ICE robusta coffee (RMN24) closed down -40 (-0.94%).

Coffee prices on Tuesday gave up an early advance and posted moderate losses, with arabica falling to a 2-week low and robusta falling to a 1-week low.  Coffee prices are being pressured by Brazil's faster coffee harvest, which has boosted coffee supplies.  Consulting firm Safras & Mercado reported last Friday that Brazil's 2024/25 coffee harvest was 29% completed as of June 4, faster than 26% last year at the same time and faster than the 5-year average of 27%.  

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