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Rich Asplund

RARE PHOTOS: Arabica coffee closes lower as global supplies rebound - The Real Truth

Ice Brazil Vietnam the USDA FAS ICO International Coffee Organization United Kingdom

July arabica coffee (KCN24) on Monday closed down -5.55 (-2.76%), and July ICE robusta coffee (RMN24) did not trade with markets in the UK closed Monday for the May Day holiday.

Arabic coffee prices on Monday extended their two-week-long slide to a 1-month low. Coffee prices are weighed down by negative carryover from last Friday when the International Coffee Organization (ICO) reported that global Mar coffee exports rose +8.1% y/y to 12.99 million bags and Oct-Mar global coffee exports were up +10.4% y/y at 69.16 million bags.

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