
March arabica coffee (KCH24) on Thursday closed up +3.00 (+1.57%), and Jan ICE robusta coffee (RMF24) closed up +172 (+5.72%).
Coffee prices on Thursday rallied, with robusta soaring to a new all-time high after the USDA cut its 2023/24 global robusta production estimate to 74.1 million bags from a June estimate of 78.0 million bags.