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Barchart
Barchart
Rich Asplund

Arabica Coffee Posts a New Record High on Supply Uncertainty

March arabica coffee (KCH25) Thursday closed up +7.10 (+1.64%), and March ICE robusta coffee (RMH25) closed down -23 (-0.40%).

Coffee prices on Thursday settled mixed, with arabica posting a new all-time nearest-futures high.  Lingering global coffee supply fears are underpinning prices.  On Wednesday, Cecafe reported that Brazil's Jan green coffee exports fell -1.6% y/y to 3.98 million bags.  Also, on January 28, 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.  

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