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Barchart
Barchart
Rich Asplund

Coffee Prices Post Moderate Losses on Increased Global Coffee Exports

Ice Vietnam Brazil the USDA FAS ICO

May arabica coffee (KCK24) on Monday closed down -1.40 (-0.6%), and May ICE robusta coffee (RMK24) closed down -2 (-0.05%).

Coffee prices on Monday gave up an early advance and closed moderately lower, with arabica retreating from a 5-3/4 month high.  Coffee prices were on the defensive Monday after the International Coffee Association (ICO) reported that global coffee exports in Feb rose +6.8% y/y to 11.33 million bags, and total 2023/24 global coffee exports from Oct-Feb rose +11.1% y/y to 56.2 million bags.

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