Colombia Earthquake Temporarily Halts Coffee Exports, Supporting Arabica Prices

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3▲1 ▼3Impact / 5
Summary · why it matters

Arabica coffee prices found support after a 7.4 magnitude earthquake in Colombia temporarily halted exports from the world's second-largest producer. September arabica coffee is up 0.85 cents, or 0.25%, while September ICE robusta coffee is down 36 points, or 0.95%. Shipping firm Maersk said terminal operations in Buenaventura, which handles most of Colombia's coffee exports, have been temporarily suspended, and inland road closures may impact cargo movements. The quake hit the coffee-growing provinces of Caldas and Risaralda, which account for about a quarter of Colombia's production. Meanwhile, ICE robusta inventories climbed to a 4.75-month high of 4,352 lots, while ICE arabica inventories fell to a 2.5-year low of 241,838 bags.

Impact on assets 4

Industrials▼
AP Moeller - Maersk A/S B
0O77
▼ NegativeSupplyrelevance

Maersk's terminal operations in Buenaventura suspended due to earthquake, disrupting its shipping business.

A. P. Moller Maersk A/S
DP4A
▼ NegativeSupplyrelevance

Maersk's terminal operations in Buenaventura suspended due to earthquake, disrupting its shipping business.

Others▲
⛏Coffee Futures
COFFEE
▲ PositiveSupplyrelevance

Earthquake halts Colombian coffee exports, supporting arabica prices.