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Stocks high in EU and US.

Coffee futures were mixed during March basis the second months, with ICE Arabica easing on the month but Robusta futures inching up. Arabica's early-March losses were recouped to a degree later in the month, with some support coming from general commodity gains on the back of a weaker US dollar.

While Robusta ended up on the month in March, it closed off earlier highs and the upside was limited by ample supply from Vietnam so far in 2016-17 and from reports of rains boosting Robusta output recovery in Espirito Santo, Brazil's key Robusta region.

LIFFE-certified Robusta stocks end March with 16,826 lots. Stocks ended 2016 at 14,153 lots, which was 28.4 percent down on the year, given that the figure was 19,758 lots on 30 December 2015. This means that the volume is 18.9 percent higher in 2017. ICE-certified Arabica stocks end March with 1.36 million bags, down from the 1.43 million bags reported by the end of March last year. The 10-year low remains from October 2011 when 1.26 million bags were recorded.

The latest data from Europe showed stocks in European warehouses increased by 4,996 metric tons in December from the month prior to total 715,266 metric tons.

Coffee stocks in warehouses in all ports of the United States totalled 6.44 million bags for the month ending 28 February, which is 123,007 bags higher than the previous month and 576,486 bags higher from February 2016. The five-year average for the month of February is 5.43 million bags.

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This report was compiled by Alexis Rubinstein, senior editor, Coffee Network, a division of New York, New York-based INTL FCStone, a Fortune 500 company focused on diversified financial markets. Alexis may be reached at: Alexis.Rubinstein@intlfcstone.com.

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Title Annotation:March Green Coffee Report
Comment:Stocks high in EU and US.(March Green Coffee Report)
Author:Rubinstein, Alexis
Publication:Tea & Coffee Trade Journal
Date:May 1, 2017
Words:331
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