
Sep arabica coffee (KCU23) this morning is up +3.00 (+1.82%), and Sep ICE robusta coffee (RMU23) is up +43 (+1.63%).
Coffee prices this morning are moderately higher, with arabica posting a 5-week high. Coffee prices are climbing on signs of ever-tighter supplies. ICE-monitored robusta coffee inventories on Wednesday fell to a record low of 5,131 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.