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Rich Asplund

Coffee Prices Finish Sharply Lower as ICE Coffee Inventories Rebound

Ice Brazil Vietnam the USDA FAS

July arabica coffee (KCN24) on Thursday closed down -9.90 (-4.58%), and July ICE robusta coffee (RMN24) closed down -298 (-7.49%).

Coffee prices Thursday sold off sharply to 3-week lows.  A rebound in ICE coffee supplies has eased supply concerns and fueled long liquidation in coffee futures after ICE-monitored arabica coffee inventories rose to a 1-year high on Thursday, and ICE-monitored robusta coffee inventories rose to a 5-month high on Wednesday.

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