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Rich Asplund

Robusta Coffee Rallies to a 2-Week High on Increased Demand from Roasters

Ice Robusta Brazil the USDA FAS arabica USDA Vietnam

July arabica coffee (KCN23) this morning is up +2.05 (+1.12%), and July ICE robusta coffee (RMN23) is up +57 (+1.87%).

Coffee prices this morning are moderately higher, with robusta posting to a 2-week high. A weaker dollar today (DXY00) is supportive of coffee prices. Robusta is also finding support in increased demand from roasters who are substituting arabica beans for cheaper robusta beans in a variety in retail coffee blends to control production costs and shield consumers from inflation.

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