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Rich Asplund

Arabica Coffee Prices Recover as ICE Inventories Tumble

Ice Brazil United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Friday closed up +0.05 (+0.01%), and January ICE robusta coffee (RMF26) closed down -101 (-2.18%).

Coffee prices on Friday settled mixed. Arabica coffee recovered from early losses on Friday and posted modest gains after ICE arabica coffee inventories sank to a 19.5-month low. Heavy rains in Vietnam's coffee-growing regions bolstered the outlook for the country's coffee crops and hammered robusta prices on Friday. Coffee prices were also under pressure Friday from a stronger dollar after the dollar index (DXY00) rallied to a 2.75-month high.

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