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Rich Asplund

Reduced Coffee Exports From Honduras Sparks Short-Covering in Coffee

Ice Honduras Brazil Vietnam USDA ICO the International Coffee Organization Volcafe

September arabica coffee (KCU24) today is up +3.80 (+1.67%), and Sep ICE robusta coffee (RMU24) is up +7 (+0.17%).

Coffee prices today are moderately higher on signs of smaller global supplies.  Short covering in coffee future emerged today after the Honduran Coffee Institute reported that coffee exports from Honduras, Central America's biggest coffee-producing nation, fell -11% y/y in July to 610,669 bags, and Oct-Jul coffee exports are down -11% y/y to 5.6 million bags.

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