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Barchart
Rich Asplund

Coffee Prices Retreat as Global Coffee Exports Climb

Ice Brazil Vietnam the International Coffee Organization the USDA FAS ICO USDA Volcafe

December arabica coffee (KCZ24) today is down -6.05 (-2.48%), and November ICE robusta coffee (RMX24) is down -125 (-2.55%).

Coffee prices today are under pressure, with arabica falling to a 3-week low.  A jump in global coffee exports is weighing on prices today after the International Coffee Organization (ICO) reported that global coffee exports rose +12.2% y/y in July to 11.29 million bags and that global exports from Oct-Jul rose +10.5% y/y to 115.01 million bags.

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