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Rich Asplund

Coffee Prices Post Moderate Gains on Signs of Smaller Global Coffee Supplies

Ice Brazil Vietnam the USDA FAS Costa Rica the International Coffee Organization USDA Volcafe

September arabica coffee (KCU24) on Tuesday closed up +2.45 (+1.09%), and Sep ICE robusta coffee (RMU24) closed up +25 (+0.61%).

Coffee prices on Tuesday posted moderate gains.  Smaller coffee exports from Costa Rica, the world's fifth largest producer of arabica coffee, are bullish for arabica prices after the Costa Rican Coffee Institute reported Tuesday that Costa Rican coffee exports from Oct-Jun are down -7.6% y/y at 702,097 bags.  Robusta coffee on Tuesday had carryover support from Monday when Vietnam's General Statistics Office reported that Vietnam's Jan-June coffee exports were down -10.6% y/y at 902 MT.  

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