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Barchart
Barchart
Rich Asplund

Coffee Prices Settle Higher on Smaller Brazil Exports and a Stronger Real

Ice Brazil Cecafe Vietnam FAs

March arabica coffee (KCH26) on Wednesday closed up +1.00 (+0.29%).  March ICE robusta coffee (RMH26) closed up +137 (+3.48%).

Coffee prices settled higher on Wednesday, with robusta up sharply and posting a 5-week high.  Shrinking Brazilian coffee exports are supportive of coffee prices.  Cecafe reported that Brazil's total Dec green coffee exports fell -18.4% to 2.86 million bags, with arabica coffee exports down -10% y/y to 2.6 million bags and robusta coffee exports down -61% y/y to 222,147 bags.

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