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Barchart
Rich Asplund

Arabica Coffee Closes Lower as Global Supplies Rebound

Ice Brazil Vietnam the USDA FAS ICO International Coffee Organization United Kingdom

July arabica coffee (KCN24) on Monday closed down -5.55 (-2.76%), and July ICE robusta coffee (RMN24) did not trade with markets in the UK closed Monday for the May Day holiday.

Arabic coffee prices on Monday extended their two-week-long slide to a 1-month low.  Coffee prices are weighed down by negative carryover from last Friday when the International Coffee Organization (ICO) reported that global Mar coffee exports rose +8.1% y/y to 12.99 million bags and Oct-Mar global coffee exports were up +10.4% y/y at 69.16 million bags.  

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