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Barchart
Rich Asplund

Arabica Coffee Sharply Lower as ICE-Monitored Arabica Inventories Recover

Ice Vietnam Brazil the USDA FAS

May arabica coffee (KCK24) on Monday closed down -9.75 (-4.04%), and May ICE robusta coffee (RMK24) closed up +44 (+1.08%).

Coffee prices on Monday settled mixed.  A rebound in arabica coffee supplies sparked long liquidation pressure Monday in arabica futures.  ICE-monitored arabica coffee inventories last Friday recovered to an 11-month high.  Robusta coffee rose moderately Monday on concerns about tight robusta supplies from Vietnam.  

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