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Rich Asplund

Coffee Prices Climb on Tighter Global Supplies

Ice ICO the International Coffee Organization Brazil Robusta USDA

July arabica coffee (KCN23) this morning is up +2.20 (+1.20%), and July ICE robusta coffee (RMN23) is up +11 (+0.45%).

Coffee prices this morning are moderately higher, with robusta climbing to a 1-1/2 week high. Tighter global coffee supplies are supportive of prices. The International Coffee Organization (ICO) last Thursday reported global 2022/23 coffee exports during Oct-Mar fell -6.4% y/y to 62.295 mln bags.

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