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Rich Asplund

Record High Brazil Coffee Exports Undercut Prices

Ice Brazil Cecafe USDA Vietnam the International Coffee Organization Volcafe

March arabica coffee (KCH25) Thursday closed down -3.30 (-1.00%), and March ICE robusta coffee (RMH25) closed down -23 (-0.47%).

Coffee prices Thursday gave up an early advance and turned lower on record-high coffee exports from Brazil.  Cecafe reported late Wednesday that Brazil's 2024 arabica coffee exports jumped +20% y/y to a record 37 million bags, and 2024 robusta coffee exports surged +98% y/y to a record 9.4 million bags.  

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