UPDATE 1-Global 2016-17 coffee exports rise to record -ICO

(Recasts to add 2016-17 milestone; adds NEW YORK dateline, background)

NEW YORK/LONDON, Oct 31 (Reuters) - World coffee exports rose to a record in the 2016-17 marketing year, International Coffee Organization (ICO) data showed on Tuesday, while inventories of importing countries rose to an eight-year high.

Total coffee exports for the 2016-17 season (October-September) rose 4.8 percent to 122.45 million bags, ICO data showed.

The higher global exports occurred as stocks in importing countries hit an eight-year high in June at 25.4 million bags despite a third straight global deficit year.

Total 2016-17 exports of arabica rose 7.9 percent to 77.52 million bags, while robusta fell 0.2 percent to 44.93 million bags.

Total coffee exports in September, however, fell to 8.34 million 60-kg bags, down 14.8 percent year-on-year, monthly ICO data showed.

For September, arabica exports dropped to 5.48 million bags, down 9.2 percent from a year earlier, while robusta coffee exports fell 23.9 percent year-over-year to 2.86 million bags. (Reporting by Marcy Nicholson in New York and Nigel Hunt in London; editing by David Goodman and Phil Berlowitz)