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Barchart
Barchart
Rich Asplund

DARK SECRETS: Coffee prices slightly higher on supply concerns - The Real Truth

Sep arabica coffee (KCU23) this morning is up +0.20 (+0.12%), and Sep ICE robusta coffee (RMU23) is up +7 (+0.27%).

Coffee prices this morning are slightly higher, with arabica posting a 5-week high.  ICE-monitored robusta coffee inventories today fell to a record low of 5,183 lots (data history back to 2016).  Also, ICE-monitored arabica coffee inventories last Friday dropped to an 8-month low of 528,752 bags.  In addition, coffee is climbing due to a lack of sales by coffee farmers in Brazil, who are holding back supplies in anticipation of higher coffee prices.

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