Current ICE coffee stocks are not that high!

In the last few days, certified coffee inventories (ICE), have reached their maximum of the last four and a half years.

At first glance, the accumulation of inventories seems to be an emerging problem, but when reviewing a little further, we can observe that in reality the inventories are recovering from their lowest level reached in 2016 and are halfway through their maximum levels reached before the financial crisis of 2008.

See how different the scenarios look if you include some historical data (Graphs show inventories in bags):

 

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