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Barchart
Barchart
Rich Asplund

Coffee Prices Fall on Projected Surplus for 2024-25

Ice Rabobank Brazil Vietnam International Coffee Organization USDA

May arabica coffee (KCK24) today is down -1.15 (-0.63%), and ICE robusta coffee (RMK24) is down -4 (-0.12%).

Coffee prices are lower today after Rabobank predicted a coffee surplus of 4.5 million bags for the upcoming 2024-25 marketing year, up sharply from the 500,000 bag surplus projected for 2023-24.  On the bullish side, Rabobank reduced its 2023-24 production forecast by 3.9 million bags to 171.1 million bags, mainly because of downward revisions to production by Indonesia and Honduras.

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