September arabica coffee (KCU25) today is up +3.50 (-1.19%), and September ICE robusta coffee (RMU25) is up +17 (+0.50%).
Coffee prices are moving higher today on signs of tighter supplies. Brazil's Trade Ministry reported late Wednesday that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT. Additionally, a decline in ICE arabica coffee inventories supports arabica prices, as evidenced by ICE-monitored inventories falling to a 14.5-month low of 751,044 bags on Wednesday. Conversely, ICE robusta coffee inventories have increased, a bearish factor for robusta prices, after ICE-monitored robusta coffee inventories rose to a 1-year high of 7,029 lots last Monday.
