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Barchart
Rich Asplund

Coffee Prices Fall as ICE Coffee Inventories Rebound

Ice Brazil Vietnam the USDA FAS International Coffee Organization

July arabica coffee (KCN24) on Monday closed down -5.10 (-2.54%), and July ICE robusta coffee (RMN24) closed down -41 (-1.19%).

Coffee prices on Monday retreated due to a recovery in ICE coffee inventories.  ICE-monitored arabica coffee inventories on Monday climbed to a 13-month high of 721,723 bags.  Also, ICE-monitored robusta coffee inventories Monday rose to a 5-1/2 month high of 4,071 lots.

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