July arabica coffee (KCN24) on Monday closed down -3.40 (-1.51%), and July ICE robusta coffee (RMN24) closed down -39 (-0.91%). Coffee prices on Monday settled moderately lower, with arabica sliding to a 2-week low and robusta falling to a 1-week low. Coffee prices are being pressured by a faster pace of Brazil’s coffee harvest, which has boosted coffee supplies. Consulting firm Safras & Mercado reported last Friday that Brazil’s 2024/25 coffee harvest was 29% completed as of June 4, faster than the 26% last year at the same time and faster than the 5-year average of 27%. Weakness in the Brazi…