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Barchart
Barchart
Rich Asplund

Coffee Prices Under Pressure as ICE Coffee Inventories Rebound

Ice Brazil Vietnam USDA International Coffee Organization

July arabica coffee (KCN24) this morning is down -2.20 (-1.10%), and July ICE robusta coffee (RMN24) is down -53 (-1.54%).

Coffee prices this morning are posting moderate losses on a rebound in ICE coffee inventories from historically low levels.  ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered to a 5-1/2 month high today of 4,113 lots.  Also, ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags on November 30, but they recovered to a 13-month high Tuesday of 735,694 bags.

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