Robusta coffee prices fell on Friday to its lowest level in nine years, heading for a weekly loss of 4.8 percent.
Prices have fallen for several years amid rising supply and a weaker Brazilian currency, the biggest coffee producer.
According to Bloomberg, the price of Robusta saw a slight change at $ 1,270 per ton in London during yesterday's trading, down 17 percent this year.
The price of Arabica coffee rose 0.2 percent to 95.55 cents a pound in New York after falling 1.3 percent since the beginning of the week.
The International Coffee Organization (ICO) raised this week its estimate of supply during the 2018-19 season by 26 percent to 4.96 million bags.
It is the second consecutive global annual surplus, which was the main driver behind the decline in the price of coffee.
The weakening of Brazil's currency also affected coffee prices, encouraging more exports of the product.
The Brazilian real hit this week the lowest level in nearly a year against the US dollar to record 4.06 R$.
According to the ICO indicator, prices fell by 6.7% to $ 96.07 per lb in August, compared to July 2019 and by
In October 2018, the morning jolt reached an all-time high at $111.21 per lb, 13.6% higher than this month estimates.
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