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Barchart
Barchart
Rich Asplund

Reduced Coffee Supplies From Brazil Support Prices

Ice Brazil Brazil Mar Cecafe arabica Vietnam FAs StoneX

May arabica coffee (KCK26) today is up +1.45 (+0.48%), and May ICE robusta coffee (RMK26) is up +97 (+2.89%).

Coffee prices are moving higher today, with robusta up sharply at a 1-week high.  Reduced coffee supplies from Brazil are supporting prices after Cecafe reported today that Brazil Mar green coffee exports fell -10% y/y to 2.65 million bags.  Last Wednesday, Brazil's Trade Ministry reported that Brazil's Mar coffee exports fell -31% y/y to 151,000 MT.

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