“This is particularly true of the Brazilian real, given that Brazil is by far the most important producer of both Arabica coffee and sugar,” they said.
By Friday on NYBOT-ICE, Arabica for delivery in December sank to US$1.1690 a pound (0.45kg) from US$1.2470 a week earlier.
On LIFFE, Robusta for November dived to US$1,781 a tonne from US$1,920.
Prices headed lower, hit also by the weak real.
By Friday on NYBOT-ICE, the price of unrefined sugar for delivery in October decreased to US$0.1634 a pound from US$0.1723 a week earlier.