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Rich Asplund

Coffee Prices Fall as Supply Concerns Ease

Ice Brazil Vietnam arabica El Nino ICO USDA USDA FAS

March arabica coffee (KCH24) on Monday closed down -4.95 (-2.69%), and Jan ICE robusta coffee (RMF24) closed down -26 (-1.01%).

Coffee prices Monday settled sharply lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5% y/y to 235,000 MT. Also, Honduras, Central America's biggest coffee-producing country, reported its Nov coffee exports jumped +63% y/y to 110,413 bags.

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