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Rich Asplund

Arabica Coffee Settles Higher on Supply Concerns

Ice Brazil USDA Colombia Vietnam

September arabica coffee (KCU26) closed up +4.10 (+1.14%) on Thursday, and September ICE robusta coffee (RMU26) closed down -16 (-0.43%).

Coffee prices settled mixed on Thursday. Arabica coffee closed higher as it consolidated below Wednesday’s 6.5-month high, and robusta is under pressure from rising inventories as ICE robusta inventories climbed to a 5.25-month high of 4,622 lots on Tuesday.

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