Coffee prices down on dollar strength And demand concerns

Coffee prices this morning are moderately lower, with arabica falling to a 2-week low.  a rally in the dollar index today to a nearly 2-year high is weighing on commodity prices, including coffee. 

July arabica coffee KCc2 fell 0.5% to $2.2405 per lb, having closed down 3.6% on Wednesday.

Arabica is facing demand headwinds from the impact of the Russia-Ukraine war, but is being underpinned by a relatively strong Brazilian real BRL= and a recent decline in ICE certified stocks.

July robusta coffee LRCc2 slipped 0.3% to $2,099 a tonne.

The robusta coffee discount to ICE futures in top producer Vietnam remained steady this week on thin buying demand and lower stockpiles at the end of the harvest season.