Arabica coffee futures in the US were trading around $1.80 per pound, down from an over four-month high of 1.995 hit on February 22nd. Dealers said short covering by speculators had helped to fuel the recent run-up, but now it appears to have abated. Still, supply tightness by major producers Brazil and Colombia and declining exchange stocks should continue to pressure prices. Brazilian Trade Ministry data showed coffee exports fell 45% in February, and broker HedgePoint cut its projection for Brazil's 2023/24 arabica coffee production to 42.3 million bags from 45.4 million. Coffee exports from Colombia, the world's second-largest producer of arabica coffee beans, dropped 19% year-on-year to 835,000 in January. Also, the latest data indicated ICE-certified coffee stocks decreased further by 75,000 bags to 800,137 60kg bags on February 24th.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on March of 2023.

Coffee is expected to trade at 176.49 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 160.29 in 12 months time.

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Coffee



Price Day Month Year
Soybeans 1,448.00 -18.50 -1.26% -5.19% -15.75%
Wheat 661.44 -21.81 -3.19% -11.87% -39.39%
Lumber 431.80 -8.90 -2.02% 15.89% -59.04%
Cheese 1.98 0.0330 1.70% 8.87% -3.84%
Palm Oil 3,664.00 -120.00 -3.17% -13.48% -40.83%
Milk 18.03 -0.02 -0.11% 0.78% -19.47%
Cocoa 2,874.00 57.00 2.02% 4.89% 9.24%
Cotton 78.88 0.43 0.55% -3.99% -39.34%
Rubber 130.30 -0.40 -0.31% -6.66% -24.38%
Orange Juice 238.30 -0.20 -0.08% -2.14% 62.83%
Coffee 178.00 -8.70 -4.66% -8.08% -20.99%
Oat 361.86 2.8630 0.80% 5.12% -49.88%
Wool 1,313.00 -4.00 -0.30% -3.74% -6.75%
Rice 17.21 -0.0550 -0.32% 1.15% 7.63%
Canola 719.90 -9.50 -1.30% -13.53% -36.67%
Sugar 21.14 0.34 1.63% -2.04% 9.88%
Tea 2.95 0 0% 7.27% 6.50%
Corn 632.23 2.2275 0.35% -4.10% -16.57%


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Actual Previous Highest Lowest Dates Unit Frequency
178.00 186.70 339.86 41.50 0001 - 2023 USd/Lbs Daily