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Rich Asplund

Coffee Prices Boosted by Sharp Drop in Arabica Inventories

Ice Brazil Conab the USDA FAS Vietnam USDA Vietnam General Statistics Office Volcafe

March arabica coffee (KCH25) is up +5.90 (+1.41%), and March ICE robusta coffee (RMH25) is up +15 (+0.26%).

Coffee prices are higher today after a sharp -8.0% single-day drop in arabica coffee inventories to 758,514 bags on Tuesday from 824,783 bags on Monday.  ICE-monitored arabica coffee inventories posted a 2-1/2 year high of 993,562 bags on January 6 but have since fallen to Tuesday's 9-month low of 758,514 bags.  Meanwhile, ICE-monitored robusta coffee inventories posted a 4-3/4 month high on January 31 of 4,603 lots but then fell to a 1-3/4 month low of 4,297 lots on Tuesday.  Robusta inventories recovered a bit to 4,355 lots on Wednesday.

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