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Barchart
Barchart
Rich Asplund

Coffee Prices Supported as Iran War Boosts Shipping Costs

May arabica coffee (KCK26) today is up +2.60 (+0.92%), and May ICE robusta coffee (RMK26) is down -16 (-0.43%).

Coffee prices are mixed today.   Supply concerns are supportive of coffee prices, as the war in Iran has halted shipping through the Strait of Hormuz, boosting global shipping rates, insurance, and fuel costs, which will raise costs for coffee importers and roasters.

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