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Barchart
Rich Asplund

Coffee Prices Close Lower as Global Coffee Supplies Climb

Ice Brazil Vietnam the USDA FAS arabica Cecafe International Coffee Organization USDA

December arabica coffee (KCZ24) Friday closed down -7.05 (-2.71%), and January ICE robusta coffee (RMF25) closed down -110 (-2.45%).

Coffee prices sold off Friday and gave back more than half of Thursday's sharp rally.   Signs of larger global coffee supplies are weighing on prices after the International Coffee Organization (ICO) on Friday reported that global coffee exports in Sep rose +25% y/y to 10.76 mln bags and that exports from Oct-Sep rose +11.7% y/y to 137.27 mln bags.  

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