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Rich Asplund

REVEALED: Coffee prices close lower as global supplies increase | Rare Historical Photos

Ice Brazil ICO Vietnam International Coffee Organization the USDA FAS Volcafe

September arabica coffee (KCU24) on Monday closed down -4.80 (-2.08%), and Sep ICE robusta coffee (RMU24) closed down -529 (-1.23%).

Coffee prices on Monday tumbled to 1-month lows and closed moderately lower. An increase in global coffee supplies is weighing on prices after the International Coffee Organization (ICO) reported Monday that global June coffee exports rose +3.8% y/y to 10.78 million bags, and Oct-Jun global coffee exports were up +10.1% y/y to 103.47 million bags.

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