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Barchart
Barchart
Rich Asplund

Coffee Prices Slip on Rain in Brazil and Increased ICE Robusta Inventories

Ice Brazil Vietnam USDA Deficit the International Coffee Organization Volcafe

September arabica coffee (KCU24) today is down -1.40 (-0.57%), and Sep ICE robusta coffee (RMU24) is down -13 (-0.28%).

Coffee prices today are moderately lower.  Recent rain in Brazil has eased dryness concerns and is weighing on arabica prices.  Meanwhile, robusta is under pressure after ICE-monitored robusta coffee inventories rose to a 1-year high today of 6,119 lots, signaling increased supplies.

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