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Barchart
Barchart
Rich Asplund

Arabica Coffee Under Pressure from a Rebound in ICE-Monitored Arabica Inventories

Ice Vietnam Brazil the USDA FAS

July arabica coffee (KCN24) this morning is down -5.90 (-2.59%), and May ICE robusta coffee (RMK24) is up +58 (+1.41%).

Coffee prices this morning are mixed, with arabica falling to a 1-week low.  A rebound in arabica coffee supplies is weighing on arabica prices.  ICE-monitored arabica coffee inventories last Friday recovered to an 11-month high.  Meanwhile, robusta coffee is finding support today on concerns about tight robusta supplies from Vietnam.  

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