Arabica coffee futures on ICE were trading around $2.4 at the start of 2022, not far from the 10-year high of above $2.50 set on December 6th, amid a deterioration in the outlook for Brazil's crop with drought and frosts in 2021 denting prospects and fears that recent rains had been excessive in some areas. At the same time, persistent shipping bottleneck caused by Covid-19 restrictions, rising global demand, higher costs of fertilizers and fuels and ongoing labor shortages should continue to exert upward pressure on coffee prices. The US Department of Agriculture in its latest report forecasts world coffee production for 2021/2022 to fall by 8.5 million bags from the previous year to 167.5 million primarily due to a drop in Brazil’s coffee production. Global consumption is seen rising 1.5 million to 164.9 million bags in the same period.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on January of 2022.

Coffee is expected to trade at 189.15 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 220.73 in 12 months time.

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Coffee



Price Day Month Year
Soybeans 1,415.00 -9.2500 -0.65% 5.99% 7.87%
Wheat 778.50 -6.0000 -0.76% -4.36% 22.70%
Lumber 1,143.70 -45.00 -3.79% 11.86% 43.68%
Cheese 1.90 0.0020 0.11% 7.72% 14.00%
Palm Oil 5,322.00 135.00 2.60% 19.65% 62.16%
Milk 20.29 0.04 0.20% 9.97% 25.56%
Cocoa 2,576.00 -84.00 -3.16% 4.46% 1.86%
Cotton 120.75 -2.12 -1.73% 10.95% 48.05%
Rubber 232.30 -4.40 -1.86% 4.64% -31.27%
Orange Juice 155.95 -1.05 -0.67% 5.91% 33.40%
Coffee 240.75 -2.90 -1.19% 5.48% 90.39%
Oat 620.00 -21.0000 -3.28% -10.60% 79.58%
Wool 1,392.00 0 0% 2.50% 15.81%
Rice 14.83 0.0800 0.54% 5.18% 11.68%
Canola 1,019.60 -2.40 -0.23% -0.29% 55.19%
Sugar 18.95 0.02 0.11% 1.12% 18.07%
Tea 2.78 0 0% -9.15% -11.18%
Corn 617.75 7.0000 1.15% 2.53% 23.43%


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Actual Previous Highest Lowest Dates Unit Frequency
240.75 243.65 339.86 41.50 1972 - 2022 USd/Lbs Daily