The Arabica coffee market continued the upward momentum in August, with coffee futures climbing to over a four-month peak of $1.2 per pound as driven by worries over tightening supply. Prices have been gaining support from a coronavirus outbreak in top producer Vietnam, which has led authorities to impose lockdowns in parts of the coffee-growing region.
Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on August of 2020.
Coffee is expected to trade at 106.54 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 90.26 in 12 months time.