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Rich Asplund

Arabica Coffee Prices Surge on Signs of Smaller Brazil Coffee Exports

Ice Brazil United States USDA Vietnam the USDA FAS Vietnam National Statistics Office Volcafe

July arabica coffee (KCN25) Thursday closed up +10.20 (+2.80%), and July ICE robusta coffee (RMN25) closed down -39 (-2.16%).

Coffee prices on Thursday settled mixed, with robusta posting a 5-week low.  Arabica coffee recovered from a 3-week low Thursday and rallied sharply on concerns about smaller exports from Brazil.  Cecafe reported that Brazil's April green coffee exports fell -28% y/y to 3.05 million bags, and Jan-Apr coffee exports fell -15.5% y/y to 13.186 million bags.

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