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Barchart
Barchart
Rich Asplund

Coffee Prices Finish Slightly Higher on Tight Global Supplies

Ice Brazil arabica Vietnam USDA FAS Cecafe ICO

March arabica coffee (KCH24) on Wednesday closed up +0.50 (+0.30%), and Jan ICE robusta coffee (RMF24) closed up +33 (+1.33%).

Coffee prices Wednesday closed moderately higher on tight supplies.  Last Thursday, arabica coffee rallied to a 5-month high, and robusta coffee climbed to a 2-month high on shrinking ICE coffee inventories.   ICE-monitored arabica coffee inventories last Thursday fell to a 24-year low of 289,699 bags.  Meanwhile, today, ICE-monitored robusta coffee inventories were at 3,915 lots, modestly above the record low of 3,374 lots posted on August 31.  

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