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Rich Asplund

Coffee Prices Slide as ICE Coffee Inventories Rebound

Ice Brazil Vietnam the USDA FAS International Coffee Organization

July arabica coffee (KCN24) this morning is down -4.80 (-2.39%), and July ICE robusta coffee (RMN24) is down -47 (-1.37%).

Coffee prices today are sharply lower on a recovery in ICE coffee inventories. ICE-monitored arabica coffee inventories last Friday climbed to a 13-month high Tuesday of 711,871 bags. Also, ICE-monitored robusta coffee inventories today rose to a 5-1/2 month high of 4,071 lots.

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