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Barchart
Rich Asplund

YOU WONT BELIEVE: Coffee prices surge as global supplies shrink - What They Never Told You

Ice Brazil United States arabica Minas Gerais USDA

May arabica coffee (KCK23) this morning is up +5.40 (+3.09%), and May ICE robusta coffee (RMK23) is up +49 (+2.17%).

Coffee prices this morning are sharply higher, with arabica posting a 1-week high and robusta posting a 7-1/2 month nearest-futures high.  A decline in global coffee exports signals tighter supplies that sparked fund buying of coffee futures today after the International Coffee Organization (ICO) reported global coffee exports from Oct-Feb fell -8.7% y/y to 48.66 mln bags.

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