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Barchart
Barchart
Rich Asplund

Supply Risks and Brazilian Real Strength Lifts Coffee Prices

Ice Arabica Brazil BI Robusta United States Brazil Mar FAs StoneX Vietnam

July arabica coffee (KCN26) today is up +9.00 (+3.11%), and May ICE robusta coffee (RMK26) is up +113 (+3.19%).

Coffee prices are sharply higher today, with arabica posting a 1-week high and robusta posting a 4-week high.   Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies is lifting coffee prices.  The closure of the strait has tightened coffee supplies by increasing global shipping rates, insurance, fertilizer, and fuel costs, and raising costs for coffee importers and roasters.  

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