ICE monitered Robusta coffee global inventories fell to a record low of 3113 lots and also seen Arebica coffee inventories fell to a 24 year low of 224,066 bags on November 2023, although they record modestly to a 6 week high of 261,446 bags recently. Prices are increasing on tighter global supply. Supply of Arebica coffee increasing from Brazil and production in Colombia forecasted to climb +7.5% year on year to 11.5 million bags. USDA estimates that Brazil 2023-24 Arebica coffee production would increase by 12.8% year on year to 44.9 million bags. Robusta coffee production in Vietnam is estimated at 1.656 MMT the smallest crop in 4 years.