Expectations of a Record Brazil Coffee Crop Undercuts Prices

July arabica coffee fell 4.90 cents, or 1.94%, to a 19-month nearest-futures low, while July ICE robusta coffee declined 9 points, or 0.27%, to a 7-week low. The move extends this week’s sharp losses and signals weaker coffee market sentiment amid a more bearish price outlook.

Analysis

July arabica coffee fell 4.90 cents, or 1.94%, to a 19-month nearest-futures low, while July ICE robusta coffee declined 9 points, or 0.27%, to a 7-week low. The move extends this week’s sharp losses and signals weaker coffee market sentiment amid a more bearish price outlook.