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Barchart
Barchart
Rich Asplund

Coffee Prices Finish Sharply Higher as Coffee Farmers Withhold Supplies

Ice Brazil USDA Cecafe the International Coffee Organization Vietnam Volcafe

March arabica coffee (KCH25) Wednesday closed up +14.05 (+4.29%), and March ICE robusta coffee (RMH25) closed up +189 (+3.59%).

Coffee prices Wednesday rallied sharply to 6-week highs after Brazilian research firm Cepea said that coffee farmers in Brazil are delaying coffee sales as they hold out for higher prices.  Also, Sucden Financial said Vietnamese coffee farmers are waiting for better prices before they sell their supplies.

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