1508 GMT - Coffee prices slide largely because of ongoing expectations for a large Brazilian harvest, Rabobank's Carlos Mera says. Brazil is on track for its best harvest in six seasons, while output from Vietnam also jumped. Coffee prices continue to trade well above historic averages and the cost of production, the analyst notes. Though an El Nino looks almost certain this year, it's too early to predict the weather system's impact on coffee supply, Mera says. Arabica trades at $3,381 a metric ton, close to a two-year low and down 10% from May's high. New York Robusta coffee contracts are down over 18% from last month's high at $2.49 a pound. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
June 04, 2026 11:08 ET (15:08 GMT)
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