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Barchart
Rich Asplund

Coffee Posts Moderate Losses as Costa Rican Coffee Exports Jump

Ice Brazil Central America Robusta the USDA FAS USDA Vietnam

July arabica coffee (KCN23) on Friday closed down -2.75 (-1.50%), and July ICE robusta coffee (RMN23) closed down -30 (-1.15%).

Coffee prices Friday gave up an early advance and turned lower on signs of bigger supplies from Central America.  The Costa Rican Coffee Institute reported that Costa Rican May coffee exports jumped +39% y/y to 140,142 bags.  A stronger dollar Friday also undercut coffee prices.

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