
March arabica coffee (KCH25) today is up +8.20 (+2.24%), and March ICE robusta coffee (RMH25) is up +104 (+1.85%).
Coffee prices today extended this week's rally, with arabica soaring to a new all-time nearest-futures high and robusta posting a 2-month high. Concerns of tight global coffee supplies are underpinning prices after Conab, Brazil's government crop forecasting agency, forecasted Tuesday that Brazil's 2025/26 coffee crop will fall -4.4% y/y to a 3-year low of 51.81 million bags. Last Tuesday, Conab cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.