
May arabica coffee (KCK26) today is up +2.20 (+0.75%), and May ICE robusta coffee (RMK26) is down -10 (-0.27%).
NY arabica coffee prices today posted a new 3-week high. Coffee prices have continued to receive support from potential supply disruptions, as the war in Iran has halted shipping through the Strait of Hormuz. The closure of the waterway has increased global shipping rates, insurance, and fuel costs, and raises costs for coffee importers and roasters. Also, coffee prices have positive carryover from last Thursday when Brazil's Trade Ministry reported that Brazil's Feb coffee exports fell -17.4% y/y to 142,000 MT.