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Barchart
Rich Asplund

Coffee Gives Up Early Gains as ICE Coffee Inventories Rebound

Ice Brazil the USDA FAS Vietnam International Coffee Organization Rabobank

May arabica coffee (KCK24) on Friday closed down -0.85 (-0.46%), and May ICE robusta coffee (RMK24) closed down -27 (-0.80%).

Coffee prices on Friday erased an early advance and closed moderately lower on a recovery in ICE coffee supplies.  Arabica ICE-monitored coffee inventories on Friday climbed to an 8-1/2 month high of 568,077 bags, and robusta ICE inventories rose to a 7-week high of 2,928 lots.

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