March arabica coffee (KCH26) on Monday closed down -8.65 (-2.31%), and January ICE robusta coffee (RMF26) closed down -77 (-1.79%).
Coffee prices fell sharply on Monday, with arabica dropping to a 2-week low and robusta falling to a 2.25-month low. Coffee prices are under pressure amid an outlook for ample supplies. Last Thursday, Conab, Brazil's crop forecasting agency, raised its total Brazil 2025 coffee production estimate by 2.4% to 56.54 million bags, from a September estimate of 55.20 million bags. Also, Vietnam's National Statistics Office reported last Friday that Vietnam's Nov coffee exports jumped +39% y/y to 88,000 MT and that Jan-Nov coffee exports are up +14.8% y/y to 1.398 MMT.
