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Barchart
Rich Asplund

Smaller Brazil Coffee Exports Underpin Prices

Ice Brazil Cecafe Vietnam Brazil Mar FAs StoneX

May arabica coffee (KCK26) on Wednesday closed up +1.60 (+0.53%), and May ICE robusta coffee (RMK26) closed up +70 (+2.02%).

Coffee prices settled higher on Wednesday, with robusta posting a 1.5-week high.  Coffee prices rose on Wednesday amid signs of smaller supplies from Brazil.  On Tuesday, Cecafe reported 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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