Dec arabica coffee (KCZ23) this morning is down -0.40 (-0.27%), and Nov ICE robusta coffee (RMX23) is up +2 (+0.09%).
Coffee prices this morning are mixed. Concerns about weak global demand for more expensive arabica coffee are undercutting prices after Cecafe reported that Brazil Sep arabica coffee exports fell -20% y/y to 2.4 million bags, the lowest for that month in 6 years. However, demand for robusta coffee remains strong as Brazil Sep robusta exports rose more than fourfold to 624,999 bags. Brazil is the world's largest producer of arabica coffee and the second-largest producer of robusta coffee.
