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Barchart
Barchart
Rich Asplund

Coffee Prices Tumble as Global Coffee Exports Climb

Ice Brazil Mar ICE the USDA FAS Vietnam ICO International Coffee Organization

March arabica coffee (KCH24) this morning is down -5.20 (-2.73%), and Mar ICE robusta coffee (RMH24) is down -50 (-1.78%).

Coffee prices this morning are under pressure, with arabica falling to a 3-week low and robusta dropping to a 2-1/2 week low.  An increase in global coffee supplies is weighing on prices after the International Coffee Organization (ICO) reported that global coffee exports in Nov rose +4.1% y/y to 10.61 million bags and Oct-Nov coffee exports are up +3.1% y/y at 20.25 million bags.

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