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Rich Asplund

Coffee Prices Close Lower as ICE Inventories Rebound

Ice Brazil may Vietnam Rabobank the International Coffee Organization USDA

May arabica coffee (KCK24) on Wednesday closed down -0.65 (-0.36%), and ICE robusta coffee (RMK24) closed down -39 (-1.16%).

Coffee prices on Wednesday gave up an early advance and retreated as ICE coffee supplies rebounded. ICE arabica coffee inventories climbed to an 8-month high Wednesday of 544,766 bags, and ICE robusta coffee inventories rose to a 7-week high Wednesday of 2,859 lots.

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