Arabica Stocks at Two-Decade Low to Keep Prices Up: Rabobank
By Charlie Hancock

(Bloomberg) --
Falling stocks of Arabica coffee are likely to boost spot prices under current market conditions, according to Rabobank analysts.

Certified ICE arabica stocks are at their lowest level since 2000 as supplies of milds remains tight, Rabobank says in latest weekly commodities report
Stocks dropped 8% over the past week
Low stocks are keeping coffee futures elevated in spite of a large sell-off across agricultural commodities
The analysts warn that “much of these stocks are in strong hands, and often stock owners would decertify stocks in order to certify them again (and avoid age penalties)”
However, certified arabica stocks are still expected to go down
Projected average prices for Q3 2022 are $2.08 per pound, and $2.04 per pound in Q4
Arabica futures for Sept. dropped for a second day, declining 1.9% to $2.2040 Tuesday