Arabica Coffee Futures at Over 2-Month High
2026-07-01 13:45
By
Luisa Carvalho
1 min. read
Arabica coffee futures traded around $2.96 per pound, a level not seen since April 23rd, as traders weighed signs of tightening inventories while monitoring the pace of Brazil's harvest.
Arabica certified stocks at ICE fell by another 3,069 bags to 377,465, the lowest level since March 2024.
In the same period last year, the volume was 841,173 bags, a reduction of 463,708 bags in twelve months.
The market also factored in delays to Brazil’s harvest due to rainfall in major producing areas, alongside quality concerns, with investment funds increasing activity amid weather uncertainties.
Coffee harvest in Brazil reached 44% as of June 24, below 51% a year earlier and the five-year average of 47%, according to Safras & Mercado.
Meanwhile, Climatempo indicated that dry weather is expected to prevail in the first half of July, supporting harvest and post-harvest activities, with no forecast of rainfall as frequent as in June.