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DJ Weak Brazilian Real Knocks Coffee Prices Lower -- Market Talk

A weakening of the Brazilian real is putting pressure on coffee prices, according to FC Stone. A rocky economic picture for Brazil, amid a long-running political scandal, is putting pressure on the Brazilian currency -- even after expectations that Presid

 

postado em 05/04/2016 | Há 11 meses

katherine.dunn@wsj.com - Dow Jones Newswires

A weakening of the Brazilian real is putting pressure on coffee prices, according to FC Stone. A rocky economic picture for Brazil, amid a long-running political scandal, is putting pressure on the Brazilian currency -- even after expectations that President Dilma Rousseff could face impeachment gave the currency a boost against the dollar over March.

Because Brazil is the world\'s largest producer overall, the coffee market tends to closely track the strength of the real against the dollar. On Tuesday, the real is down 0.34% against a broadly fimer dollar, and both Robusta and Arabica are trading lower.
 

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