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Barchart
Barchart
Rich Asplund

Coffee Prices Close Lower as ICO Reports Higher Global Coffee Exports

Ice ICO Vietnam Brazil International Coffee Organization arabica El Nino USDA USDA FAS

March arabica coffee (KCH24) on Friday closed down -0.35 (-0.29%), and Jan ICE robusta coffee (RMF24) closed down -20 (-0.77%).

Coffee prices Friday posted moderate losses.  An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported Friday that global Oct coffee exports rose +0.9% y/y to 9.53 million bags.  Friday's rally in the dollar index (DXY00) to a 3-week high also weighed on coffee prices.

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