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Rich Asplund

Coffee Prices Settle Lower on Rising Global Coffee Exports

Ice Brazil Mar ICE Vietnam ICO International Coffee Organization USDA

March arabica coffee (KCH24) on Wednesday closed down -3.90 (-2.05%), and Mar ICE robusta coffee (RMH24) closed down -49 (-1.75%).

Coffee prices on Wednesday posted moderate losses, with arabica falling to a 3-week low and robusta dropping to a 2-1/2 week low. An increase in global coffee supplies weighed on prices after the International Coffee Organization (ICO) reported that Nov global coffee exports rose +4.1% y/y to 10.61 million bags and Oct-Nov coffee exports rose +3.1% y/y at 20.25 million bags.

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