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Barchart
Barchart
Rich Asplund

Arabica Moderately Higher on Expectations for a Bigger Global Coffee Deficit

Ice arabica Deficit ICO Brazil Minas Gerais United States USDA

May arabica coffee (KCK23) on Thursday closed up +3.45 (+1.92%), and May ICE robusta coffee (RMK23) closed down -15 (-0.65%).

Coffee prices Thursday settled mixed, with arabica posting a 2-week high.  Coffee prices have carryover support from Wednesday when the International Coffee Organization (ICO) reported global coffee exports from Oct-Feb fell -8.7% y/y to 48.66 mln bags.

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