Arabica coffee futures traded around $2.96 per pound, a level not seen since April 23rd, supported by signs of tightening inventories as markets monitored the progress of Brazil's harvest. Arabica certified stocks at ICE fell by another 3,069 bags to 377,465, the lowest level since March 2024.
In the same period last year, the volume was 841,173 bags, a reduction of 463,708 bags in twelve months.