Coffee Prices Fall Sharply At End Of April

According to the International Coffee Organization's Coffee Market Report, coffee prices fell sharply at the end of April as a result of institutional investors selling off their positions. However, the report also states that the coffee market continues to be well supplied as total exports in the first half of coffee year 2016/17are estimated up by 4.8 percent to 60 million bags. Additionally,  the outlook for the 2017/18 crop is generally positive but some uncertainties remain.