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Barchart
Rich Asplund

Coffee Prices Settle Higher on Tight ICE Inventories and Vietnam Weather

Ice Vietnam Brazil USDA

December arabica coffee (KCZ26) closed up +0.75 (+0.26%) on Wednesday, and November ICE robusta coffee (RMX26) closed up +14 (+0.40%).

Coffee prices settled higher on Wednesday, with robusta posting a 1-week high. Tightness in near-term supplies is bullish for arabica coffee prices, as ICE arabica coffee inventories fell to a 27-year low of 218,838 bags on Tuesday. Robusta coffee has support on concern that heavy rains in Vietnam’s Central Highlands, the country’s largest coffee-producing region, may flood farms and damage the country’s coffee crop.

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