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Barchart
Barchart
Rich Asplund

Coffee Prices Finish Higher on Shrinking ICE Coffee Inventories

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Dec arabica coffee (KCZ23) on Thursday closed up +4.45 (+2.55%), and Jan ICE robusta coffee (RMF24) closed up +24 (+1.00%).

Coffee prices Thursday extended this week's rally, with arabica posting a fresh 4-1/2 month high and robusta climbing to a 2-week high.  Shrinking ICE coffee inventories are supporting coffee prices.   ICE-monitored arabica coffee inventories Thursday fell to a 24-year low of 303,235 bags.  Meanwhile, ICE-monitored robusta coffee inventories Thursday were at 4,002 lots, modestly above the record low of 3,374 lots posted on August 31.  

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