
July arabica coffee (KCN23) this morning is down -3.30 (-1.72%), and July ICE robusta coffee (RMN23) is down -10 (-0.41%).
Coffee prices this morning are moderately lower. Concerns that a slowdown in the U.S. economy will curb coffee demand are weighing on prices after today's economic news showed that the U.S. Q1 GDP rose less than expected. Robusta coffee is also under pressure on the increase in inventories after ICE monitored robusta coffee inventories climbed to a 4-1/2 month high today.