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Barchart
Rich Asplund

Coffee Prices Slide as Global Supplies Increase

Ice Brazil ICO Vietnam International Coffee Organization the USDA FAS USDA Volcafe

September arabica coffee (KCU24) today is down -4.70 (-2.04%), and Sep ICE robusta coffee (RMU24) is down -89 (-2.11%).

Coffee prices today tumbled to 1-month lows and are moderately lower.  An increase in global coffee supplies is weighing on prices after the International Coffee Organization (ICO) reported today that global June coffee exports rose +3.8% y/y to 10.78 million bags, and Oct-Jun global coffee exports were up +10.1% y/y to 103.47 million bags.

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