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Arabica coffee slides on weakness in Brazilian real

* March arabica coffee was down 2.80 cents, or 2.4 percent, at $1.1470 per lb.

* Dealers said the market was weighed partly by a weakening in Brazil’s real currency. A weaker real weighs on prices because it increases local currency returns on dollar-traded commodities, encouraging Brazilian producers to sell.

* January robusta coffee was down $17, or 1.0 percent, at $1,668 a tonne.

* Dealers said the harvest in top robusta producer Vietnam was gathering pace, helping to keep the market on the defensive.

Also read  Arabica coffee prices fell as weather improves in Brazil

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