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Barchart
Rich Asplund

THE TRUTH ABOUT: Arabica coffee pushes higher on tight supplies | History Defined

Ice arabica Brazil International Coffee Organization USDA

May arabica coffee (KCK23) on Tuesday closed up +4.25 (+2.11%), and May ICE robusta coffee (RMK23) closed up +2 (+0.08%).

Coffee prices Tuesday closed moderately higher, with arabica posting a 6-1/4 month nearest-futures high.  Expectations for smaller global coffee supplies are fueling fund buying of coffee futures.  Also, ICE monitored arabica coffee inventories Tuesday fell to a 4-month low of 708,312 bags.  Robusta coffee fell back from its best levels Tuesday after ICE monitored robusta coffee inventories climbed to a 4-1/4 month high.

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