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Rich Asplund

UNBELIEVABLE: Coffee prices rally sharply as ice inventories dwindle - The Untold Story

Ice Brazil United States Cecafe Vietnam arabica FAs

December arabica coffee (KCZ25) on Wednesday closed up +13.00 (+3.49%), and November ICE robusta coffee (RMX25) closed up +188 (+4.01%).

Coffee prices are sharply higher today, with robusta climbing to a 3-month high. Coffee prices are moving higher as inventories tighten. ICE robusta coffee inventories fell to a 1-month low of 6,611 lots on Wednesday. Also, ICE-monitored arabica inventories fell to a 1.25-year low of 716,578 bags on Wednesday.

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