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Rich Asplund

Arabica Coffee Rebounds on Concern about Reduced Coffee Exports from Brazil

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

July arabica coffee (KCN25) today is up +9.70 (+2.60%), and July ICE robusta coffee (RMN25) is down -48 (-0.96%).

Coffee prices today are mixed, with robusta posting a 5-week low.  Arabica coffee recovered from a 3-week low and is sharply higher on concern about smaller coffee 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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