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Barchart
Rich Asplund

Coffee Prices Supported by Dwindling ICE Coffee Inventories

Ice Brazil ICO Vietnam USDA FAS

Dec arabica coffee (KCZ23) this morning is up +5.10 (+3.19%), and Jan ICE robusta coffee (RMF24) is up +16 (+0.69%).

Coffee prices this morning are moderately higher as inventories continue to tighten, a supportive factor for coffee prices.  ICE-monitored arabica coffee inventories Wednesday fell to a 24-year low of 380,033 bags.  Meanwhile, ICE-monitored robusta coffee inventories were at 3,995 lots today, mildly above the record low of 3,374 lots posted on August 31.  

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