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Barchart
Rich Asplund

Coffee Prices Jump as ICE Inventories Continue to Shrink

Ice Brazil Vietnam ICO USDA FAS

Dec arabica coffee (KCZ23) this morning is up +7.70 (+4.84%), and Jan ICE robusta coffee (RMF24) is up +50 (+2.16%).

Coffee prices this morning are sharply higher as current coffee supplies continue to tighten.  ICE-monitored arabica coffee inventories Monday fell to a 1-year low of 390,135 bags.  Meanwhile, ICE-monitored robusta coffee inventories were at 3,953 lots today, mildly above the record low of 3,374 lots posted on August 31.

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