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Barchart
Barchart
Rich Asplund

Coffee Prices Firm on Tight Global Supplies

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March arabica coffee (KCH24) this morning is up +0.30 (+0.18%), and Jan ICE robusta coffee (RMF24) is up +34 (+1.37%).

Coffee prices this morning are 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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