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Barchart
Rich Asplund

Arabica Coffee Posts Moderate Losses as ICE-Monitored Inventories Recover

Ice Vietnam Brazil the USDA FAS ICO

July arabica coffee (KCN24) on Tuesday closed down -5.80 (-2.55%), and May ICE robusta coffee (RMK24) closed up +98 (+2.37%).

Coffee prices on Tuesday settled mixed, with Arabica falling to a 1-week low.  Arabica coffee prices fell as ICE-monitored arabica coffee inventories Tuesday recovered to an 11-1/4 month high.  Meanwhile, robusta coffee found support Tuesday on concerns about tight robusta supplies from Vietnam.  

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