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Rich Asplund

Coffee Prices Climb as ICE Inventories Shrink

Ice arabica Brazil Vietnam ICO USDA FAS

Dec arabica coffee (KCZ23) this morning is up +3.20 (+1.87%), and Jan ICE robusta coffee (RMF24) is up +36 (+1.53%).

Coffee prices this morning are moderately higher, with arabica posting a fresh 4-1/2 month high on shrinking ICE coffee inventories.   ICE-monitored arabica coffee inventories Tuesday fell to a 24-year low of 337,915 bags.  Meanwhile, ICE-monitored robusta coffee inventories today were at 4,052 lots, modestly above the record low of 3,374 lots posted on August 31.  

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