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Barchart
Barchart
Rich Asplund

Coffee Prices Rally Sharply on Supply Woes

Ice Brazil Robusta USDA

May arabica coffee (KCK23) on Monday closed up +7.60 (+3.93%), and May ICE robusta coffee (RMK23) closed up +29 (+1.20%).

Coffee prices Monday rallied sharply, with arabica climbing to a 6-1/4 month nearest-futures high.  Expectations for global coffee supplies to tighten have sparked fund buying of coffee futures.  ICE monitored arabica coffee inventories Monday fell to a 4-month low of 709,612  bags.

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