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Barchart
Barchart
Rich Asplund

Coffee Prices Supported by Supply Concerns

Ice Arabica Brazil FAs Iran Strait of Hormuz

May arabica coffee (KCK26) today is up +1.40 (+0.49%), and May ICE robusta coffee (RMK26) is up +13 (+0.35%).

Coffee prices are moving higher today on supply concerns.  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.  Today's strength in the dollar ($DXY) is limiting the upside in coffee prices.

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