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Rich Asplund

SHOCKING: Coffee posts moderate gains as colombian coffee exports fall - What They Never Told You

Ice Colombia Brazil USDA

July arabica coffee (KCN23) on Friday closed up +5.10 (+2.79%), and July ICE robusta coffee (RMN23) closed up +59 (+2.45%).

Coffee prices Friday rallied to 1-week highs. Reduced coffee supplies from Colombia are bullish for prices after the Colombia Coffee Growers Federation reported Colombian Apr coffee exports fell -15% y/y to 719,000 bags. Colombia is the world's second-largest arabica bean producer.

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