
March arabica coffee (KCH25) today is up +0.85 (+0.26%), and January ICE robusta coffee (RMF25) is up +180 (+3.49%).
Coffee prices today are moving higher due to supply concerns, with Mar arabica coffee posting a contract high. Last Thursday, the Vietnam General Statistics Office reported that Vietnam Nov coffee exports plunged -49.1 % y/y to 60,000 MT, and Jan-Nov coffee exports are down -14.3% y/y at 1.2 MMT. Recent rains in Vietnam flooded coffee fields and delayed the robust coffee harvest. Vietnam, the world’s biggest robusta producer, is at the start of its coffee harvest.