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Barchart

Rich Asplund

FORGOTTEN HISTORY: Coffee prices fall as usda projects increases in coffee output and ending stocks - The Untold Story

Ice USDA Vietnam Brazil International Coffee Organization Volcafe

September arabica coffee (KCU24) on Friday closed down -5.35 (-2.32%), and July ICE robusta coffee (RMN24) closed down -75 (-1.71%).

Coffee prices on Friday settled moderately lower. Thursday's bi-annual report from the USDA was bearish for coffee prices as the USDA projected an increase in 2024/25 global coffee production and an increase in 2024/25 global coffee ending stocks.

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