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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Coffee prices retreat as global coffee exports climb - Caught on Camera

Ice Brazil Vietnam International Coffee Organization the USDA FAS ICO USDA Volcafe

December arabica coffee (KCZ24) today is down -6.05 (-2.48%), and November ICE robusta coffee (RMX24) is down -125 (-2.55%).

Coffee prices today are under pressure, with arabica falling to a 3-week low.  A jump in global coffee exports is weighing on prices today after the International Coffee Organization (ICO) reported that global coffee exports rose +12.2% y/y in July to 11.29 million bags and that global exports from Oct-Jul rose +10.5% y/y to 115.01 million bags.

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