Sep arabica coffee (KCU23) on Thursday closed down -1.90 (-1.28%), and Sep ICE robusta coffee (RMU23) closed up +13 (+0.51%).
Coffee prices Thursday settled mixed, with arabica falling to a 7-1/4 month low. Coffee prices remain under pressure as favorable weather in Brazil, the world's largest arabica coffee producer, has accelerated the country's coffee harvest, boosting supplies and undercutting prices. Robusta coffee rose Thursday on ever-tighter supplies after ICE-monitored robusta coffee inventories fell to a record low of 3,961 lots (data history back to 2016).
