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Rich Asplund

Coffee Prices Push Higher as Conab Cuts its Brazil Coffee Crop Estimate

Ice Conab Brazil USDA Vietnam Cecafe International Coffee Organization Volcafe

March arabica coffee (KCH25) today is up +4.55 (+1.39%), and March ICE robusta coffee (RMH25) is up +157 (+3.05%).

Coffee prices today are moving higher, with arabica posting a 1-month high and robusta posting a 6-week high. Coffee prices garnered support today after Conab, Brazil's government crop forecasting agency, cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.

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