Porto Alegre, October 15th, 2021 – ICE US certified coffee stocks keep falling and reached 1.911 million bags at the end of the trading session on October 13. The interest of US roasters explains the decrease in the volume stored in accredited warehouses. Since June, when it was at 2.19 million bags, so far the volume of coffee stored in warehouses accredited by ICE US has fallen by 280,000 bags, which corresponds to a 13% decline.
Funds, on the other hand, reflect this sentiment and increased the net long position of 66,571 coffee futures contracts at the end of the October 5 trading session on ICE US. They seek protection in the face of uncertainty about Brazil’s production.
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