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Barchart
Barchart
Rich Asplund

Coffee Prices Post Modest Gains on Shrinking Global Inventories

Sep arabica coffee (KCU23) on Monday closed up +0.10 (+0.07%), and Sep ICE robusta coffee (RMU23) is up +14 (+0.55%).

Coffee prices Monday closed slightly higher.  Shrinking global coffee inventories are supportive of prices.  ICE-monitored robusta coffee inventories on Monday fell to a record low of 3,615 lots (data history back to 2016), and ICE-monitored arabica coffee inventories last Friday dropped to an 8-3/4 month low of 513,665 bags.

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