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Rich Asplund

Concern of Supply Disruptions Boosts Coffee Prices

Ice Arabica United States Vietnam Brazil Mar FAs StoneX United Kingdom

July arabica coffee (KCN26) today is up +0.65 (+0.23%), and July ICE robusta coffee (RMN26) is not trading with UK markets closed for the May Day holiday.

Coffee prices are moving higher today, supported by concerns about the escalation of the US-Iran war, which could keep the Strait of Hormuz closed and disrupt global coffee supplies. The closure of the strait has tightened coffee supplies by increasing global shipping rates, insurance, fertilizer, and fuel costs, and raising costs for coffee importers and roasters.

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