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Rich Asplund

Signs of Larger ICE Inventories Weigh on Coffee Prices

Coffee Ice Brazil Vietnam Intercontinental Exchange USDA International Coffee Organization Colombia

December arabica coffee (KCZ26) closed down -4.40 (-1.39%) on Tuesday, and November ICE robusta coffee (RMX26) closed down -74 (-2.12%).

Coffee prices settled lower on Tuesday amid signs of bigger supplies, as nearly 28,000 bags of arabica coffee are pending grading at the Intercontinental Exchange, the highest total in over a month. Also, ICE robusta coffee inventories climbed to an 11.5-month high on Monday.

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