
March arabica coffee (KCH25) today is up +7.05 (+1.63%), and March ICE robusta coffee (RMH25) is up +6 (+0.10%).
Coffee prices today are trading higher, with arabica posting a new all-time nearest-futures high and robusta posting 1-1/2 week 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.