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Barchart
Barchart
Rich Asplund

Coffee Prices Decline on the Outlook for Increased Supplies from Brazil

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Dec arabica coffee (KCZ23) this morning is down -3.90 (-2.18%), and Jan ICE robusta coffee (RMF24) is down -14 (-0.58%).

Coffee prices this morning are moderately lower on the outlook for increased coffee supplies from Brazil.  Rabobank said due to beneficial weather that boosted coffee yields, it projects Brazil's coffee exports in the 12 months ended June 2024 to increase as much as +18 % y/y to 42 mln bags.  

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