Dec arabica coffee (KCZ23) this morning is up +3.05 (+2.09%), and Nov ICE robusta coffee (RMX23) is up +6 (+0.24%).
Coffee prices this morning are moderately higher on tight global coffee supplies. The International Coffee Organization (ICO) reported on September 14 that global coffee exports during Oct-Jul were down -5.7% y/y at 103.736 mln bags. Also, the Colombian Coffee Growers Federation reported on August 9 that Colombian July coffee exports fell -17% y/y to 846,000 bags. Colombia is the world's second-largest producer of arabica coffee beans. However, Honduras, the largest coffee-producing country in Central America, reported on July 31 that its coffee exports rose +63% y/y in July to 828,499 bags.
