Arabica Coffee Futures Hover Near 2024-Lows
2026-05-26 14:23
By
Luisa Carvalho
1 min. read
Arabica coffee futures traded around $2.70 per pound, near their lowest since November 2024, on expectations of a bumper harvest in top grower Brazil.
Prices are down more than 20% this year, driven by improved production forecasts for Brazil’s output from several leading consultancies, following the decline in production in 2025.
Despite a reportedly slow start to the harvest in some producing regions, the crop is progressing without major issues and could deliver a record output, helping replenish global coffee supplies.
Brazil’s Conab recently raised its 2026/27 coffee production forecast to a record 66.7 million bags from 66.2 million in February, an 18% increase from the previous season.
Arabica output is projected at 45.8 million bags, up 28% year on year and the third-largest on record, supported by a positive biennial cycle and favorable weather conditions.
Rabobank said that, unless a major weather event occurs, the market will gradually enter a phase of large surplus.