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Barchart
Rich Asplund

Coffee Prices Surge as Supplies Tighten

Ice Brazil USDA United States Vietnam

September arabica coffee (KCU25) on Friday closed up +11.55 (+3.88%), and September ICE robusta coffee (RMU25) closed up +143 (+4.18%).

Coffee prices on Friday extended this week's rally and surged to 3-week highs.  Signs of tighter coffee supplies are supporting prices after Brazil's Trade Ministry reported Wednesday that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT.  

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