
May arabica coffee (KCK25) today is up +13.45 (+3.92%), and May ICE robusta coffee (RMK25) is up +160 (+3.24%).
Coffee prices today are sharply higher as a selloff in the dollar index (DXY00) to a 3-year low has fueled short covering in coffee futures. Also, supply fears are supporting coffee prices. Cecafe reported Wednesday that Brazil's March green coffee exports fell -26% y/y to 2.95 million bags. Robusta is also climbing on signs of tighter supplies after ICE-monitored robusta coffee inventories fell to a 5-week low Thursday of 4,260 lots.