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Barchart
Barchart
Rich Asplund

EXPLAINED: Coffee prices settle sharply lower on improved supply prospects - The Real Truth

Ice Brazil United States the USDA FAS USDA Vietnam Volcafe

July arabica coffee (KNC25) Thursday closed down -9.55 (-2.58%), and July ICE robusta coffee (RMN25) closed down -116 (-2.37%).

Coffee prices on Thursday sold off sharply, with arabica falling to a 5-week low and robusta tumbling to a 6-week low.   An increase in ICE coffee inventories is weighing on prices.  ICE-monitored robusta coffee inventories rose to an 8-month high Thursday of 5,425 lots.  Also, ICE-monitored arabica coffee inventories rose to a 3-1/2 month high Thursday of 883,197 bags.

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