Robusta Coffee 10-T Sep '21 (RMU21)
Robusta Coffee 10-T Futures Market News and Commentary
July arabica coffee (KCN26) on Friday closed up +1.55 (+0.57%), and July ICE robusta coffee (RMN26) closed down -18 (-0.52%).
Coffee prices settled mixed on Friday. Â Tight coffee inventories are supportive of prices. Â ICE arabica coffee inventories fell to a 2.5-month low of 477,045 bags on Friday. Â Also, Â ICE robusta inventories fell to a 16.5-month low of 3,724 lots on Friday.
The ongoing closure of the Strait of Hormuz has disrupted global coffee supplies and is bullish for prices. Â The closure of the Strait has tightened coffee supplies by increasing global shipping rates, insurance, fertilizer, and fuel costs, and raising costs for coffee importers and roasters. Â
Soaring coffee exports from Vietnam, the world's largest robusta producer, are bearish for robusta prices. Â On Saturday, Vietnam's National Statistics Office reported that Vietnam's 2026 coffee exports (Jan-Apr) rose by +15.8% y/y to 810,000 MT. Â Vietnam's 2025 coffee exports jumped by +17.5% y/y to... Read more
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July arabica coffee (KCN26 ) on Friday closed up +1.55 (+0.57%), and July ICE robusta coffee (RMN26 ) closed down -18 (-0.52%). Coffee prices settled mixed...
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