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Barchart
Barchart
Rich Asplund

Robusta Coffee Soars to a Record High on Strong Demand and Tight Supplies

Robusta Ice Brazil USDA arabica the USDA FAS Cooxupe the US Climate Prediction Center Vietnam

July arabica coffee (KCN23) this morning is up +2.70 (+1.46%), and July ICE robusta coffee (RMN23) is up +84 (+3.08%).

Coffee prices this morning are moderately higher, with robusta posting a record high (data from 2008).  Robusta has support from increased demand from roasters who are substituting arabica beans for cheaper robusta beans in a variety of retail coffee blends to control production costs and shield consumers from inflation.

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