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Barchart
Rich Asplund

Coffee Prices Settle Higher on Tight Supplies

Ice Robusta Brazil arabica Vietnam the International Coffee Organization USDA

July arabica coffee (KCN23) on Monday closed up +2.00 (+1.04%), and July ICE robusta coffee (RMN23) closed up +62 (+2.60%).

Coffee prices Monday posted moderate gains, with robusta climbing to an 11-year high.  Shrinking supplies, along with strong demand, pushed robusta prices higher Monday.  Vietnam's Q1 coffee exports fell -5% y/y to 552,613 MT.  Vietnam is the world's largest producer of robusta beans.

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