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Rich Asplund

FORGOTTEN HISTORY: Coffee prices jump as global supplies tighten - The Untold Story

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Dec arabica coffee (KCZ23) this morning is up +3.80 (+2.53%), and Sep ICE robusta coffee (RMU23) is up +52 (+2.02%).

Coffee prices this morning rallied sharply to 1-week highs on signs of ever-tighter coffee supplies.   ICE-monitored robusta coffee inventories today fell to a record low of 3,599 lots (data history back to 2016), and ICE-monitored arabica coffee inventories on Tuesday dropped to a 9-month low of 513,503 bags.

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