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Barchart
Barchart
Rich Asplund

UNBELIEVABLE: Coffee prices fall on consumer spending concerns | History Defined

Ice Brazil United States Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) is down -10.90 (-2.83%), and March ICE robusta coffee (RMH25) is down -170 (-3.06%).

Coffee prices today are sharply lower on concern about consumer spending after today's sharp -7.0 point drop in the Feb US consumer confidence index to an 8-month low of 98.3.  Also, arabica coffee prices today fell to a new 3-week low and saw continued long liquidation pressure after the rally seen from late-January through early-February.  

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