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Barchart
Barchart
Rich Asplund

Coffee Prices Close Lower as ICE Coffee Inventories Recover

Ice Vietnam Brazil the USDA FAS

July arabica coffee (KCN24) on Friday closed down -4.10 (-1.80%), and July ICE robusta coffee (RMN24) closed down -153 (-3.55%).

Coffee prices on Friday posted moderate losses.  A rebound in ICE-monitored coffee supplies sparked long liquidation in coffee futures Friday.  ICE-monitored robusta coffee inventories on Thursday rose to a 4-3/4 month high of 3,760 lots, and ICE-monitored arabica coffee inventories on Thursday rose to an 11-1/2 month high of 661,492 bags.

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