Coffee market trends show a mix of rising and falling prices influenced by Brazil's ongoing coffee harvest and global supply dynamics. Arabica coffee prices recently hit a two-week low before rebounding slightly, while robusta coffee also fell to a seven-month low. Brazil's coffee harvest is progressing, with reports indicating that it is 13.7% complete, slightly ahead of last year. However, heavy rains have slowed arabica production in some areas.
• Brazil's robusta coffee harvest is 49% complete, while arabica is at 26%.
• Coffee inventories are rising, with arabica stocks hitting a 4.25-month high.
• Smaller coffee exports from Brazil could support prices, with a 36% year-over-year drop in May exports.
• Vietnam's coffee production is down due to drought, impacting robusta supply.
Understanding these trends is crucial for consumers and businesses alike. As Brazil and Vietnam are major players in the coffee market, their production levels directly affect global prices. The ongoing shifts in supply and demand could lead to significant price changes, impacting coffee lovers and the industry as a whole.
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