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Rich Asplund

BIZARRE: Demand concerns weigh on coffee prices - What They Never Told You

Ice Brazil United States Conab USDA Vietnam Rabobank Volcafe

July arabica coffee (KCN25) Tuesday closed down -10.25 (-2.50%), and July ICE robusta coffee (RMN25) closed down -115 (-2.12%).

Coffee prices on Tuesday gave up an early advance and fell sharply on concern that coffee demand would suffer after the US Apr consumer confidence fell to a nearly 5-year low, which signals consumers are worried about the economic outlook and may reduce their discretionary spending.

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