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Barchart
Barchart
Rich Asplund

Coffee Prices Settle Higher as Shipping Costs Jump

Ice Arabica Brazil FAs Iran Strait of Hormuz

May arabica coffee (KCK26) on Wednesday closed up +3.10 (+1.09%), and May ICE robusta coffee (RMK26) closed up +29 (+1.78%).

Coffee prices settled higher on Wednesday.   Supply concerns are supportive of coffee prices, as the war in Iran has halted shipping through the Strait of Hormuz, boosting global shipping rates, insurance, and fuel costs, which will raise costs for coffee importers and roasters.

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