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Barchart
Barchart
Rich Asplund

EXPLAINED: Arabica coffee prices fall back after arabica inventories rise on wednesday - The Real Truth

Ice Brazil Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

March arabica coffee (KCH25) on Wednesday closed down -1.10 (-0.26%), and March ICE robusta coffee (RMH25) closed up +18 (+0.31%).

Coffee prices on Wednesday closed mixed.  Arabica coffee prices saw early support after a sharp -8.0% single-day drop in ICE-monitored arabica coffee inventories on Tuesday to a 9-month low of 758,514 bags from 824,783 bags on Monday.  However, data released later in the day showed that arabica inventories rebounded +2.1% higher to 774,553 bags on Wednesday.

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