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Market Impact: 0.55

Higher Shipping Costs Boost Coffee Prices

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsTrade Policy & Supply ChainGeopolitics & WarTransportation & Logistics

May arabica coffee (KCK26) is up +5.30 (+1.81%) and May ICE robusta (RMK26) is up +68 (+1.90%), with robusta hitting a 1-week high. The closure of the Strait of Hormuz has disrupted global shipping, tightening logistics and supporting coffee futures; continued disruption would present further upside risk to prices.

Analysis

May arabica coffee (KCK26) is up +5.30 (+1.81%) and May ICE robusta (RMK26) is up +68 (+1.90%), with robusta hitting a 1-week high. The closure of the Strait of Hormuz has disrupted global shipping, tightening logistics and supporting coffee futures; continued disruption would present further upside risk to prices.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25