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Barchart
Barchart
Rich Asplund

Coffee Closes Lower on a Rebound in ICE Coffee Inventories

Ice Brazil Vietnam ICO International Coffee Organization the USDA FAS Vietnam General Statistics Office

May arabica coffee (KCK24) on Tuesday closed down -3.55 (-1.90%), and May ICE robusta coffee (RMK24) closed down -9 (-0.28%).

Coffee prices on Tuesday closed moderately lower.  A rebound in ICE-monitored coffee supplies is undercutting coffee prices.  On Tuesday, ICE-monitored arabica inventories rose to a 4-month high of 381,107 bags.  Also, ICE-monitored robusta coffee inventories climbed to a 3-week high last Wednesday.  

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