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Rich Asplund

Arabica Prices Firm on Tighter Global Supplies

Ice arabica ICO Brazil Minas Gerais United States USDA

May arabica coffee (KCK23) this morning is up +3.10 (+1.72%), and May ICE robusta coffee (RMK23) is down -23 (-0.99%).

Coffee prices this morning are 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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