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Barchart
Barchart
Rich Asplund

Coffee Prices Jump on Tight Supplies

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Sep arabica coffee (KCU23) this morning is up +6.00 (+3.80%), and Sep ICE robusta coffee (RMU23) is up +39 (+1.51%).

Coffee prices this morning are sharply higher on tightness in coffee supplies.  ICE-monitored robusta coffee inventories last Friday fell to a record low of 5,205 lots (data history back to 2016).  Also, ICE-monitored arabica coffee inventories last Friday dropped to an 8-month low of 528,752 bags.  In addition, coffee is climbing due to a lack of sales by coffee farmers in Brazil, who are holding back supplies in anticipation of higher coffee prices.

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