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Barchart
Barchart
Rich Asplund

Coffee Prices Slip as ICE Coffee Inventories Rebound

Ice Brazil Vietnam International Coffee Organization Rabobank the USDA FAS USDA

May arabica coffee (KCK24) this morning is down -1.50 (-0.83%), and ICE robusta coffee (RMK24) is down -27 (-0.81%).

Coffee prices this morning are moderately lower, with arabica falling to a 2-month low.  A jump in current coffee supplies is undercutting prices as ICE arabica inventories jumped to a 7-month high Monday of 516,386 bags, and ICE robusta coffee inventories climbed to a 7-week high today of 2,852 lots.  

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