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Barchart
Barchart
Rich Asplund

Coffee Prices Decline on an Increase in Global Supplies

Ice Brazil International Coffee Organization Vietnam ICO USDA

July arabica coffee (KCN24) this morning is down -3.70 (-1.80%), and July ICE robusta coffee (RMN24) is down -66 (-1.79%).

Coffee prices this morning extended this week's decline and posted 1-month lows.  An increase in global coffee supplies is undercutting prices after the International Coffee Organization (ICO) reported today that global Mar coffee exports rose +8.1% y/y to 12.99 million bags and Oct-Mar global coffee exports are up +10.4% y/y at 69.16 million bags.  

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