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Rich Asplund

Coffee Prices Rally as Global Supplies Tighten

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Dec arabica coffee (KCZ23) on Wednesday closed up +3.85 (+2.57%), and Sep ICE robusta coffee (RMU23) closed up +55 (+2.14%).

Coffee prices Wednesday rallied sharply to 1-week highs on signs of ever-tighter coffee supplies. ICE-monitored robusta coffee inventories on Wednesday fell to a record low of 3,599 lots (data history back to 2016), and ICE-monitored arabica coffee inventories on Tuesday dropped to a 9-month low of 513,503 bags.

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