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Rich Asplund

BIZARRE: Robust global coffee exports hammer coffee prices | Mind Blowing Facts

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

December arabica coffee (KCZ24) Friday closed down -8.20 (-3.36%), and November ICE robusta coffee (RMX24) closed down -141 (-2.87%).

Coffee prices sold off Friday, with arabica falling to a 3-week low. A jump in global coffee exports weighed on prices Friday 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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