Brazil harvest pace weighs on coffee futures as Cooxupe reports 81.1% picked by Aug 14
AI Market Summary
Coffee futures fell as expectations of faster Brazil harvesting and looser near-term supply weighed on prices. Cooxupe's harvest progress improved week-on-week, while dry conditions in Minas Gerais may further accelerate picking. Robusta is additionally pressured by ICE inventories rising to an 8.75-month high and strong Vietnam export flows. Offsetting support includes tight ICE arabica stocks and Colombia earthquake-related logistics constraints, but supply signals dominated.
Impact level
● Medium
Affected assets
NCCOCOFFEE2USD/USDT-1.36%
AI Insight · NCCOCOFFEE2USD/USDTAI Insight
▼ Bearish
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Brazil’s coffee harvest is accelerating, with Cooxupe reporting 81.1% completed as of Aug 14, up 7 points from the prior week. Safras & Mercado said the Brazil 2026/27 harvest was 90% complete as of August 12, still behind last year and the five-year average. Arabica harvesting was 86%, below 95% a year earlier. ICE arabica and robusta coffee futures both settled lower on Friday.
