Arabica Futures at Over 3-Week High
2026-03-09 16:25
By
Luisa Carvalho
1 min. read
Arabica coffee futures traded around $2.96 per pound, close to the highest since mid-February, as traders weighed factors that could affect supply, including logistical risks from the Middle East crisis and a drop in Brazilian exports.
The closure of the Strait of Hormuz has increased global shipping rates, insurance, and fuel costs, and raises costs for coffee importers and roasters.
In the meantime, data released by the Secretariat of Foreign Trade (Secex) indicated a reduction in Brazilian coffee shipments in February compared to the same period last year, a scenario that could temporarily restrict the availability of the product in the international market.
Meanwhile, the market continues to monitor production prospects in the coming cycles.
Conab recently projected a record 66.2 million-bag 2026/27 harvest, while expectations have grown that 2027/28 output could exceed 80 million bags, provided there are no frosts or droughts.