Arabica coffee price tumbles to four-week trough

The price of Arabica coffee beans dropped on Friday to a four-week trough on forecasts of better harvests and supplies in Brazil.

Arabica coffee July futures fell 0.75% as of 13:35 GMT to $3.581 a pound, reducing losses after hitting four-week lows.

IBM analysts said in a memo that lower prices from the recent records came as the outlook improved for the Brazilian harvest.

Additionally, Robusta coffee July futures also fell 0.65% to $4765 a ton, after plumbing a month low at $4705.

Otherwise, the dollar index fell 0.9% as of 20:04 GMT to 99.07, with a session-high at 99.9, and a low at 99.05.