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Barchart
Barchart
Rich Asplund

Concerns Over Supply Disruptions Support Coffee Prices

Ice Arabica Brazil FAs Vietnam

May arabica coffee (KCK26) today is up by +5.10 (+1.74%), and May ICE robusta coffee (RMK26) is up +42 (+1.21%).

Coffee prices are moving higher for a second day today, with arabica posting a 1-week high.  Supply concerns are underpinning coffee prices as the closure of the Strait of Hormuz has disrupted global shipping.  The closure of the waterway has increased global shipping rates, insurance, and fuel costs, and raises costs for coffee importers and roasters.

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