May arabica (KCK26) closed up +7.70 (+2.70%) and May ICE robusta (RMK26) closed up +20 (+0.58%). Prices recovered from early losses and settled higher on supply concerns after the closure of the Strait of Hormuz disrupted global shipping. Continued shipping disruptions could put further upside pressure on coffee and other freight-sensitive commodities and affect logistics and energy market dynamics.
May arabica (KCK26) closed up +7.70 (+2.70%) and May ICE robusta (RMK26) closed up +20 (+0.58%). Prices recovered from early losses and settled higher on supply concerns after the closure of the Strait of Hormuz disrupted global shipping. Continued shipping disruptions could put further upside pressure on coffee and other freight-sensitive commodities and affect logistics and energy market dynamics.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.20
