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Barchart
Barchart
Rich Asplund

Coffee Prices Rally on Reduced Coffee Exports from Colombia

July arabica coffee (KCN23) this morning is up +4.80 (+2.62%), and July ICE robusta coffee (RMN23) is up +40 (+1.66%).

Coffee prices this morning climbed to 1-week highs and are moderately higher.  Reduced coffee supplies from Colombia are bullish for prices after the Colombia Coffee Growers Federation reported Colombian Apr coffee exports fell -15% y/y to 719,000 bags.  Colombia is the world's second-largest arabica bean producer.

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