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Rich Asplund

Arabica Coffee Prices Slip on Projections for Higher Brazil Coffee Production

Ice Brazil arabica International Coffee Organization United Kingdom USDA

May arabica coffee (KCK23) this morning is down -1.20 (-0.65%), and May ICE robusta coffee (RMK23) is not trading today, with markets in the UK closed for the Easter holiday.

Arabica coffee this morning fell back from a 6-week high and is moderately lower. Coffee prices gave up an early advance today after Safras projected Brazil's coffee crop this year will increase +13% y/y to 66.65 mln bags and that Brazil's 2023/24 coffee exports will climb by +21% y/y, given a projected surplus of 45 mln bags.

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