Coffee prices retreated on Wednesday, with robusta falling to a two-week low, as the outlook for dry conditions in Brazil’s coffee-growing regions over the next week is expected to accelerate the harvest. September arabica coffee fell 7.65 cents, or 2.38%, while September ICE robusta coffee dropped $62, or 1.62%. Rising inventories also weighed on robusta, with ICE robusta inventories climbing to a four-month high of 4,254 lots. The slow pace of Brazil’s harvest had previously supported prices, with Safras & Mercado reporting the 2026/27 crop was 64% complete as of July 15, behind last year’s 77% and the five-year average of 70%. Additional pressure came from a 14.4% year-over-year jump in Brazil’s June green coffee exports to 2.64 million bags, while concerns over the potential impact of a strong El Niño on next year’s crop remain a bullish factor.