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Rich Asplund

NY Coffee Sees Support as ICE Arabica Inventories Fall

Ice NY Brazil USDA Robusta the International Coffee Organization

July arabica coffee (KCN23) on Tuesday closed up +2.55 (+1.39%), and July ICE robusta coffee (RMN23) closed down -6 (-0.24%).

Coffee prices on Tuesday settled mixed. NY coffee closed higher as ICE-monitored arabica coffee inventories have fallen steadily over the past three months and posted a 5-month low of 650,970 bags Tuesday. However, robusta coffee Tuesday fell back from a 1-1/2 week high and closed lower after ICE-monitored robusta coffee inventories climbed to a 5-month high.

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