
May arabica coffee (KCK23) on Thursday closed up +5.85 (+3.07%), and May ICE robusta coffee (RMK23) closed up +35 (+1.45%).
Coffee prices Thursday extended this week's rally, with arabica climbing to a 1-3/4 month high and robusta posting a 3-1/4 month high. Mounting supply concerns have sparked fund buying of coffee futures. The Colombia Coffee Growers Federation reported late Wednesday that Colombia Mar coffee exports fell -19% y/y to 906,000 bags. Colombia is the world's second-largest arabica bean producer.