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Barchart
Rich Asplund

Supply Concerns Boost Coffee Prices

Ice Arabica BI Brazil FAs Iran

May arabica coffee (KCK26) today is up +4.00 (+1.42%), and May ICE robusta coffee (RMK26) is up +159 (+4.39%).

Coffee prices are moving higher today, with robusta up sharply at a 2-week high.  Supply concerns are supporting coffee prices today, as the war in Iran has halted most shipping traffic through the Strait of Hormuz, boosting global shipping rates, insurance, and fuel costs, which will raise costs for coffee importers and roasters.

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