September arabica coffee (KCU26) is up +7.40 (+2.23%) on Monday, and September ICE robusta coffee (RMU26) is down -5 (-0.13%).
Coffee prices are mixed today, with arabica up sharply at a 5-week nearest-futures high. Arabica is rallying today on concerns that a massive earthquake to hit Colombia on Monday will disrupt coffee supplies from the country, the world’s second-largest producer of arabica coffee beans. Among the areas hit by Monday’s 7.4 magnitude quake were the coffee-growing provinces of Caldas and Risaralda, which account for about a quarter of Colombia’s production.
