Arabica coffee futures on ICE were trading around $2.3, down from a three-week high of $2.4 touched on June 22, amid a bearish macroeconomic environment and as the outlook for global coffee production improved. The USDA in its bi-annual report projected 2022/23 global coffee production to climb +4.7% y/y to 174.95 mln bags, primarily due to Brazil's arabica crop entering the on-year of the biennial production cycle. Still, concerns that excessive dryness in top producer Brazil may lead to lower coffee yields might limit the downside in coffee prices. Meanwhile, ICE-certified stocks fell again to 854,000 bags, their lowest since November of 1999.

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

Coffee is expected to trade at 235.49 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 257.92 in 12 months time.

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Coffee



Price Day Month Year
Soybeans 1,575.25 -50.75 -3.12% -7.30% 15.51%
Wheat 791.25 -36.00 -4.35% -27.61% 27.62%
Lumber 640.00 -17.00 -2.59% 6.61% -19.28%
Cheese 2.16 -0.0300 -1.37% -8.57% 33.09%
Palm Oil 4,174.00 -176.00 -4.05% -35.83% 8.39%
Milk 22.19 -0.23 -1.03% -9.28% 32.56%
Cocoa 2,266.00 1.00 0.04% -8.92% -0.13%
Cotton 99.68 -9.32 -8.55% -28.34% 15.87%
Rubber 260.50 0 0% 0.62% 16.29%
Orange Juice 172.95 -4.15 -2.34% -4.58% 45.21%
Coffee 224.95 -3.50 -1.53% -5.30% 50.62%
Oat 610.25 -66.7500 -9.86% -10.29% 61.34%
Wool 1,430.00 0 0% 1.13% 0.49%
Rice 15.83 -0.2700 -1.68% -8.13% 26.44%
Canola 863.60 -18.20 -2.06% -23.15% 2.79%
Sugar 17.80 -0.27 -1.49% -9.00% -0.39%
Tea 2.76 0 0% 2.60% -6.76%
Corn 736.00 -18.5000 -2.45% -0.88% 12.20%


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
224.95 228.45 339.86 41.50 1972 - 2022 USd/Lbs Daily