September arabica coffee (KCU24) on Friday closed down -5.35 (-2.32%), and July ICE robusta coffee (RMN24) closed down -75 (-1.71%). Coffee prices on Friday settled moderately lower. Thursday’s bi-annual report from the USDA was bearish for coffee prices as the USDA projected an increase in 2024/25 global coffee production and an increase in 2024/25 global coffee ending stocks. The USDA’s Foreign Agriculture Service (FAS), in its biannual report released on Thursday, projected that world coffee production in 2024/25 will increase +4.2% y/y to 176.235 million bags, with a +4.4% increase in arab…