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Rich Asplund

RARE PHOTOS: Coffee prices settle higher as ice coffee inventories dwindle - The Real Truth

Ice arabica Brazil Vietnam ICO USDA FAS

Dec arabica coffee (KCZ23) on Wednesday closed up +3.60 (+2.11%), and Jan ICE robusta coffee (RMF24) closed up +48 (+2.04%).

Coffee prices Wednesday rallied, with arabica posting a fresh 4-1/2 month high on shrinking ICE coffee inventories.   ICE-monitored arabica coffee inventories Wednesday fell to a 24-year low of 310,501 bags.  Meanwhile, ICE-monitored robusta coffee inventories Wednesday were at 4,052 lots, modestly above the record low of 3,374 lots posted on August 31.  

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