04/15/2021 - 17:35
Current levels of green coffee stocks in the country, the world's largest consumer of the beverage, remain (Image: Reuters / Josť Roberto Gomes)
The amount of green coffee stored in ports in the United States fell at the end of March for the third consecutive month, to the lowest volume in more than five years, the Green Coffee Association (GCA) said on Thursday.
Inventories fell 111,409 bags at the end of last month, to 5.68 million 60 kg bags, their lowest point since June 2015, when they were at 5.51 million bags.
Current levels of green coffee stocks in the country, the world's largest consumer of the beverage, however, remain above historical lows of around 4 million bags in 2011.
The GCA data includes both the coffee in the ICE exchange warehouses and the volumes held by other market participants in the ports.
The biggest reductions were seen in the ports of New York and the Pacific Northwest
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