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Barchart
Rich Asplund

Arabica Coffee Climbs to a Record High as Supply Concerns Persist

Ice Brazil Conab USDA Vietnam Volcafe

March arabica coffee (KCH25) Tuesday closed up +2.45 (+0.64%), and March ICE robusta coffee (RMH25) closed up +24 (+0.43%).

Coffee prices posted moderate gains on Tuesday, with arabica coffee climbing to a new all-time nearest-futures high.  Global coffee supply fears are underpinning prices after Conab, Brazil's government crop forecasting agency, forecasted last Tuesday that Brazil's 2025/26 coffee crop would fall -4.4% y/y to a 3-year low of 51.81 million bags.  Also, Conab last Tuesday cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.

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