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Barchart
Barchart
Rich Asplund

UNCOVERED: Arabica coffee slips as brazil coffee exports set to expand | History Defined

Coffee Ice Brazil USDA Vietnam International Coffee Organization Colombia Foreign Agricultural Service

December arabica coffee (KCZ26) is down -2.25 (-0.80%) today, and January ICE robusta coffee (RMF27) is up +14 (+0.43%).

Coffee prices are mixed today, with arabica falling to a 5-week low. Expectations that coffee exports out of Brazil will increase are weighing on prices after ICE reported that 55,396 bags of Brazilian coffee were awaiting grading at ICE warehouses as of Tuesday, the most in 7 weeks. As coffee passes grading tests, ICE will add it to the certified warehouse inventory figures, but grading can take 1-2 weeks or longer if volume is high. Coffee has been arriving rapidly from Brazil since mid-September, with ICE inventories of Brazilian coffee rising to a 9-month high of 83,052 bags last Thursday and Friday.

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