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Rich Asplund

Coffee Prices Rebound on Concerns Over Supply Disruptions

Ice Arabica Brazil FAs Strait of Hormuz Vietnam

May arabica coffee (KCK26) today is up by +7.20 (+2.52%), and May ICE robusta coffee (RMK26) is up +16 (+0.46%).

Coffee prices shook off early losses today and turned higher on supply concerns, as the closure of the Strait of Hormuz has disrupted global shipping. The closure of the waterway has increased global shipping rates, insurance, and fuel costs, and raises costs for coffee importers and roasters.

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