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Barchart
Rich Asplund

Coffee Prices Move Lower on an Increase in Supplies

Ice Brazil Vietnam USDA arabica El Nino ICO USDA FAS

March arabica coffee (KCH24) this morning is down -5.40 (-2.93%), and Jan ICE robusta coffee (RMF24) is down -29 (-1.13%).

Coffee prices this morning are moderately lower on signs of bigger supplies.   Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5% y/y to 235,000 MT.  Also, Honduras, Central America's biggest coffee-producing country, reported its Nov coffee exports jumped +63% y/y to 110,413 bags.

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