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Rich Asplund

UNCOVERED: Coffee prices climb on shrinking global inventories | History Defined

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Sep arabica coffee (KCU23) this morning is up +0.45 (+0.31%), and Sep ICE robusta coffee (RMU23) is up +16 (+0.63%).

Coffee prices this morning are moderately higher.  Shrinking global coffee inventories are giving coffee prices a boost.  ICE-monitored robusta coffee inventories today fell to a record low of 3,615 lots (data history back to 2016), and ICE-monitored arabica coffee inventories last Friday dropped to an 8-3/4 month low of 513,665 bags.

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