Arabica coffee futures hovered around $3.20 per pound, close to the record high of nearly $3.50 per pound hit on December 10, amid ongoing concerns over Brazil’s crop, which has been affected by drought and insufficient rainfall. Market nervousness grew as major coffee trader Volcafe cut Brazil's arabica production outlook by 11 million bags to 34.4 million, forecasting a fifth consecutive year of deficit of 8.5 million bags for the variety. Meanwhile, Neuman Gruppe GmbH projected Brazil's 2025/26 arabica crop could reach 40 million bags and emphasized that it's "too early" to accurately assess the crop. The Arabica market tightness has also been driven by higher demand after a robusta shortage and heavy rains in Vietnam, which delayed the harvest. Coffee prices have surged over 80% this year, surpassing a 1977 record, driven by droughts in key growing regions like Brazil and Vietnam, while global consumption rises, particularly in expanding markets like China.
Coffee increased 138.32 USd/Lbs or 73.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Coffee reached an all time high of 349.58 in December of 2024. Coffee - data, forecasts, historical chart - was last updated on December 17 of 2024.
Coffee increased 138.32 USd/Lbs or 73.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coffee is expected to trade at 312.39 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 339.38 in 12 months time.