September arabica coffee (KCU24) on Wednesday closed down -6.40 (-2.56%), and Sep ICE robusta coffee (RMU24) closed down -157 (-3.39%). Coffee prices Wednesday closed sharply lower as they gave back some of this week’s sharp gains and consolidated the recent rally. Losses in robusta coffee accelerated Wednesday on a rebound in inventories after ICE-monitored robusta coffee inventories rose to a 1-year high of 6,057 lots. On Tuesday, Sep arabica and Sep robusta posted contract highs. Also, nearest-future July robusta posted an all-time high, and nearest-future July arabica posted a 2-3/4 month …