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Barchart
Barchart
Rich Asplund

Arabica Coffee Slightly Lower as Global Coffee Supplies Increase

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March arabica coffee (KCH24) on Thursday closed down -0.70 (-0.38%), and Mar ICE robusta coffee (RMH24) closed up +31 (+1.13%).

Coffee prices Thursday settled mixed.  Arabica today fell moderately and held above Wednesday's 3-week low on signs of increased global coffee supplies after the International Coffee Organization (ICO) reported Wednesday that Nov global coffee exports rose +4.1% y/y to 10.61 million bags and Oct-Nov coffee exports are up +3.1% y/y at 20.25 million bags.

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