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Barchart
Rich Asplund

Coffee Prices Slip as ICO Reports an Increase in Global Coffee Exports

Ice ICO Vietnam Brazil USDA arabica El Nino USDA FAS

March arabica coffee (KCH24) this morning is down -0.20 (-0.11%), and Jan ICE robusta coffee (RMF24) is down -15 (-0.58%).

Coffee prices this morning are posting modest losses.  An increase in world coffee supplies is bearish for prices after the International Coffee Organization (ICO) reported today that global Oct coffee exports rose +0.9% y/y to 9.53 million bags.  Today's rally in the dollar index (DXY00) to a 3-week high is also weighing on coffee prices.

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