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Rich Asplund

REVEALED: Supply concerns push coffee prices sharply higher | Rare Historical Photos

Ice Brazil Vietnam USDA Cecafe International Coffee Organization the USDA FAS

March arabica coffee (KCH25) Friday closed up +16.75 (+5.34%), and January ICE robusta coffee (RMF25) closed up +258 (+5.27%).

Coffee prices on Friday rallied sharply for a second day. Concerns that future coffee supplies will remain tight are boosting prices. The Vietnam General Statistics Office reported that Vietnam Nov coffee exports plunged -49.1 % y/y to 60,000 MT, and Jan-Nov coffee exports are down -14.3% y/y at 1.2 MMT. Recent rains in Vietnam flooded coffee fields and delayed the robust coffee harvest. Vietnam, the world’s biggest robusta producer, is at the start of its coffee harvest.

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