ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags on November 30 and were just mildly above that level Wednesday at 253,144 bags. Arabica today fell moderately and held above Wednesday's 3-week low on signs of increased global coffee supplies after the International Coffee Organization (ICO) reported Wednesday that Nov global coffee exports rose +4.1% y/y to 10.61 million bags and Oct-Nov coffee exports are up +3.1% y/y at 20.25 million bags. March arabica coffee (KCH24) on Thursday closed down -0.70 (-0.38%), and Mar ICE robusta coffee (RMH24) closed up +31 (+1.13%).Ĭoffee prices Thursday settled mixed.
