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Coffee May '24 (KCK24)

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Coffee Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Coffee prices and Coffee futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Mar 28th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Coffee Historical Prices page.

Coffee Futures Market News and Commentary

Coffee Rallies With Robusta at a Record High on Shrinking Coffee Output in Vietnam

May arabica coffee (KCK24) on Wednesday closed up +2.60 (+1.38%), and May ICE robusta coffee (RMK24) closed up +94 (+2.71%).

Coffee prices on Wednesday moved higher, with arabica climbing to a 2-1/2 week high and robusta posting an all-time nearest futures high.  Robusta coffee prices are soaring after the Vietnam Coffee Association said Tuesday that Vietnam's 2023/24 coffee exports could drop -20% y/y to 1.336 MMT as dry weather reduced coffee yields and production.  The strength of robusta prices Wednesday provided carryover support to arabica coffee.  

Tight robusta coffee supplies from Vietnam, the world's largest producer of robusta coffee beans, are a major bullish price factor.  Vietnam's General Statistics Office reported on March 6 that Vietnam's Feb coffee exports fell -32.8% m/m and -20.1% y/y to 160,584 MT, although total Jan-Feb coffee exports rose +16.2% y/y to 398,000 MT.  Also, Vietnam's agriculture department projected Tuesday that Vietnam's coffee produ... Read more

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