
March arabica coffee (KCH25) Thursday closed up +6.20 (+1.56%), and March ICE robusta coffee (RMH25) closed down -10 (-0.18%).
Coffee prices on Thursday settled mixed, with arabica coffee posting a new all-time nearest-futures high. Arabica coffee prices have now risen for a record twelve consecutive sessions. Lingering global coffee supply fears are underpinning prices. Last Tuesday, Conab, Brazil's government crop forecasting agency, forecasted that Brazil's 2025/26 coffee crop would fall -4.4% y/y to a 3-year low of 51.81 million bags. Conab also cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.