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Barchart
Rich Asplund

Coffee Prices Fall Back as Costa Rican Coffee Exports Jump

Ice Brazil Central America arabica Robusta the USDA FAS USDA Vietnam

July arabica coffee (KCN23) this morning is down -2.90 (-1.58%), and July ICE robusta coffee (RMN23) is down -31 (-1.19%).

Coffee prices this morning erased early gains and turned lower on signs of bigger supplies from Central America.  The Costa Rican Coffee Institute reported that Costa Rican May coffee exports jumped +39% y/y to 140,142 bags.  A stronger dollar today also undercut coffee prices.

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