May arabica coffee (KCK26) rose 8.60 points (+2.86%) and May ICE robusta (RMK26) gained 20 points (+0.55%); arabica hit a 1.5-month high and robusta a 1.5-week high. Prices are extending this week's rally, reportedly driven by supply disruption after the closure of the Strait of Hormuz, raising shipping and logistical risk. Monitor further geopolitical developments for potential additional upside and volatility in coffee futures.
May arabica coffee (KCK26) rose 8.60 points (+2.86%) and May ICE robusta (RMK26) gained 20 points (+0.55%); arabica hit a 1.5-month high and robusta a 1.5-week high. Prices are extending this week's rally, reportedly driven by supply disruption after the closure of the Strait of Hormuz, raising shipping and logistical risk. Monitor further geopolitical developments for potential additional upside and volatility in coffee futures.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
Ticker Sentiment
