Bullish
Arabica coffee prices rise as ICE stocks hit two-year low
Arabica coffee futures have increased due to a significant decline in ICE-certified inventories, which have fallen to their lowest level in over two years. This reduction is attributed to delayed harvesting and slower exports from Brazil, tightening the available supply.
Key points
- ICE-certified Arabica inventories have decreased to nearly 330,000 bags as of July 20, marking a two-year low.
- Brazil's 2026/27 coffee harvest is 64% complete as of July 15, behind last year's 77% and the five-year average of 70%, indicating potential supply constraints.
- Traders are planning to deliver at least 300,000 bags of Arabica to ICE warehouses over the next two months, which could rebuild certified stocks from 26-year lows.
Sources
AI-generated from public news sources. Not financial advice.
