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Barchart

Rich Asplund

FORGOTTEN HISTORY: Abundant global supplies weigh on coffee prices | History Defined

Ice Brazil International Coffee Organization United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Monday closed down -9.40 (-2.41%), and November ICE robusta coffee (RMX25) closed down -56 (-1.24%).

Coffee prices settled sharply lower on Monday due to signs of adequate coffee supplies. The International Coffee Organization (ICO) reported Monday that global coffee exports for the current marketing year (Oct-Aug) are up +0.2% y/y to 127.92 million bags.

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