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Barchart
Barchart
Rich Asplund

Arabica Coffee Under Pressure on Higher Global Coffee Supplies

Ice Brazil Vietnam International Coffee Organization the USDA FAS USDA

March arabica coffee (KCH24) this morning is down -0.90 (-0.48%), and Mar ICE robusta coffee (RMH24) is up +19 (+0.69%).

Coffee prices this morning are mixed.  Arabica today is moderately lower and holding 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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