UPDATE 1-Green U.S. coffee stocks fall by 71,608 bags, GCA says - Reuters News
17-Oct-2022 21:43:19
(Updates with details of report, adds context)

By Marcelo Teixeira
NEW YORK, Oct 17 (Reuters) - The amount of green coffee stored at ports in the United States, the world's largest consumer of the beverage, fell by 71,608 60-kg bags at the end of September to 6.37 million bags, data from the Green Coffee Association (GCA) showed on Monday.

It was the first fall since March for the data which includes both the coffee at ICE exchange warehouses and volumes kept by other market participants at U.S. ports (see table below).

The reduction in the stocks follows a large increase reported for the end of August of 227,000 bags.

In September 2021, stocks were at 6.02 million bags, according to data compiled by Reuters.

Overall stocks remain at a relatively low level, far from volumes close to 7.5 million bags seen in 2019 when the global market had better levels of supply.

PORTS TOTAL CHANGE
NEW YORK 2,124,630 39,902
NEW ORLEANS/BATON ROUGE 307,962 -8,056
JACKSONVILLE 310,755 9,421
MIAMI 128,084 -1,618
HOUSTON 842,949 -16,505
LAREDO 25,000 -186
SAN FRANCISCO 663,372 13,973
NORFOLK 195,178 -431
PACIFIC NORTHWEST 356,994 -25,496
LOS ANGELES/LONG BEACH 137,093 -14,030
BALTIMORE 298,992 -19,450
SOUTH CAROLINA 748,748 -14,655
SAVANNAH 238,721 -34,477
TOTAL USA: 6,378,478 -71,608
(Reporting by Marcelo Teixeira;
Editing by Sandra Maler)
((marcelo.teixeira@tr.com; +1 332 220 8062; Reuters Messaging:
marcelo.teixeira.thomsonreuters.com@reuters.net - https://twitter.com/tx_marcelo))


Keywords: USA COFFEE/STOCKPILES (UPDATE 1)



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