
March arabica coffee (KCH25) Thursday closed down -22.15 (-5.30%), and March ICE robusta coffee (RMH25) closed down -115 (-2.00%).
Coffee prices tumbled Thursday, with arabica falling sharply to a 2-week low. A rebound in arabica coffee inventories sparked long liquidation pressures in arabica coffee futures Thursday. ICE-monitored arabica inventories have rebounded +2.7% higher over the past two sessions to 779,063 bags on Thursday, recovering from Tuesday's 9-month low of 758,514 bags.