Coffee Prices Retreat as the Supply Situation Improves

July arabica coffee (KCN25) Friday closed down -9.35 (-2.49%), and July ICE robusta coffee (RMN25) closed down -106 (-2.13%). Coffee prices on Friday fell sharply, with robusta posting a 5-week low. Signs of bigger coffee supplies are weighing on prices after Safras Mercado on Friday reported that Brazil's 2024/25 coffee sales were 97% done as of May 13, above the 94% from the same time last year. An increase in current coffee inventories is also pressuring coffee prices. ICE-monitored robusta coffee inventories rose to a 7-1/2 month high Friday of 4,890 lots. Also, ICE-monitored arabica coffee inventories rose to a...