Arabica Coffee Future Goods Drop In September 2022

Arabica coffee futures goods dropped in W42, hitting their lowest level since September 2021, as global coffee inventories tightened. According to the International Coffee Organization (ICO) report, in September 2022, the number of certified coffee stocks on the ICE exchange in the United States decreased by 37.2% to 450,000 bags, and the number of certified coffee stocks on the European ICEU exchange decreased by 0.8% to 1.59 million bags. Low inventory levels may provide support for future good coffee prices.