Coffee Prices Rise on Brazil Weather, Real Strength

Coffee prices experienced a slight uptick today, driven by favorable weather forecasts and a stronger Brazilian currency. However, potential downward pressure comes from increased production estimates in Brazil and a delay in the EUs deforestation law, which could keep global coffee supplies high. Additionally, Vietnam, the worlds largest robusta coffee producer, is expected to increase exports, further contributing to a well-supplied market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.