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Barchart
Barchart
Rich Asplund

Coffee Prices Soar as Brazilian and Vietnamese Coffee Farmers Withhold Supplies

Ice Brazil Vietnam USDA Cecafe the International Coffee Organization Volcafe

March arabica coffee (KCH25) today is up +10.30 (+3.14%), and March ICE robusta coffee (RMH25) is up +157 (+2.98%).

Coffee prices are sharply higher after Brazilian research firm Cepea said today that coffee farmers in Brazil are delaying coffee sales as they hold out for higher prices.  Also, Sucden Financial said Vietnamese coffee farmers are waiting for better prices before they sell their supplies.

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