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Barchart
Rich Asplund

Arabica Coffee Pressured by an Increase in ICE Inventories

Ice Brazil Conab the USDA FAS Vietnam USDA Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) today is down -2.50 (-0.67%), and May ICE robusta coffee (RMK25) is down -36 (-0.67%).

Coffee prices today extended their week-long slide, with arabica coffee falling to a 3-week low and robusta posting a 1-month low.   Today's stronger dollar is weighing on most commodity prices, including coffee.  Arabica coffee prices are also under pressure as ICE-monitored arabica inventories rebounded higher to a 1-week high of 803,066 bags on Tuesday from last Tuesday's 9-month low of 758,514 bags.

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