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Rich Asplund

Coffee Prices Rally on Tight Supplies

Ice Robusta Brazil arabica Vietnam the International Coffee Organization USDA

July arabica coffee (KCN23) this morning is up +3.45 (+1.80%), and July ICE robusta coffee (RMN23) is up +85 (+3.57%).

Coffee prices this morning are climbing, with robusta sharply higher at an 11-year high. Shrinking supplies along with strong demand are pushing robusta prices higher today. Vietnam's Q1 coffee exports fell -5% y/y to 552,613 MT. Vietnam is the world's largest producer of robusta beans.

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