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Barchart
Barchart
Rich Asplund

Coffee Prices Fall on Increased Global Coffee Exports

Ice Vietnam Brazil USDA

May arabica coffee (KCK24) this morning is down -1.80 (-0.85%), and May ICE robusta coffee (RMK24) is down -6 (-0.16%).

Coffee prices this morning gave up an early advance and are moderately lower, with arabica retreating from a 5-3/4 month high.  Coffee prices are on the defensive today after the International Coffee Association (ICO) reported that global coffee exports in Feb rose +6.8% y/y to 11.33 million bags and total 2023/24 global coffee exports from Oct-Feb rose +11.1% y/y to 56.2 million bags.

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