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Rich Asplund

BIZARRE: Coffee prices settle higher on smaller global supplies | Mind Blowing Facts

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December arabica coffee (KCZ25) on Wednesday closed up +3.30 (+0.89%), and November ICE robusta coffee (RMX25) closed up +55 (+1.25%).

Coffee prices settled higher on Wednesday, with robusta recovering from a 1.5-week low due to smaller global coffee supplies.  On Wednesday, the International Coffee Organization (ICO) reported that global July coffee exports fell -1.6% y/y to 11.6 million bags, and cumulative Oct-Jul coffee exports were down -0.3% y/y at 115.615  million bags.

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