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Barchart
Rich Asplund

Coffee Prices Push Higher on Smaller Supplies From Brazil

Ice Brazil Cecafe arabica FAs StoneX Vietnam

May arabica coffee (KCK26) on Tuesday closed up +1.80 (+0.60%), and May ICE robusta coffee (RMK26) closed up +107 (+3.19%).

Coffee prices settled higher on Tuesday, with robusta up sharply at a 1-week high.  Reduced coffee supplies from Brazil are supporting prices after Cecafe reported on Tuesday that Brazil Mar green coffee exports fell -10% y/y to 2.65 million bags.  Last Wednesday, Brazil's Trade Ministry reported that Brazil's Mar coffee exports fell -31% y/y to 151,000 MT.

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