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Barchart
Rich Asplund

Coffee Prices Firm as Brazil's Coffee Farmers Hoard Beans

Ice Brazil SEP Vietnam USDA Deficit the International Coffee Organization the USDA FAS Volcafe

September arabica coffee (KCU24) today is up +2.70 (+1.10%), and Sep ICE robusta coffee (RMU24) is up +33 (+0.72%).

Coffee prices today shook off early losses and are moderately higher.  Coffee prices are seeing support from a lack of producer selling as Brazilian coffee farmers hoard beans in anticipation of higher prices.

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