Supply Concerns Support Coffee Prices

Coffee prices surged after disruptions in global shipping due to the ongoing conflict in Iran, which has affected the Strait of Hormuz. May arabica coffee rose by 1.57% while robusta coffee experienced a 2.03% increase. These price increases reflect supply concerns as trade routes become less secure. Traders are reacting to the geopolitical situation by anticipating potential shortages. Overall, the market sentiment is bullish as investors seek safety in commodity prices amid uncertainties in the region.