Arabica coffee futures on ICE traded around $2.4 per pound, remaining close to its highest level since October 2011, as investors balanced persistent supply disruptions with concerns about future demand after the discovery of a new COVID variant. Frost and drought destroyed crops in top shipper Brazil, excessive rains have limited production in Colombia while a shortage of shipping containers is curbing exports from Vietnam. On top of that, a civil war in Ethiopia is set to further limit the supplies. USDA in its latest report estimated both world coffee production and consumption to go up and reported that ICE monitored depots continue to decline, falling 77% over last year. Prices are likely to stay high as elevated shipping costs, high cost of fertilizers, and ongoing labor shortages eat into profits.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on December of 2021.

Coffee is expected to trade at 179.67 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 199.14 in 12 months time.

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Coffee


Price Day Month Year
Soybeans 1,253.75 9.5000 0.76% 3.68% 7.73%
Wheat 803.50 -3.0000 -0.37% 3.84% 42.28%
Lumber 914.50 45.00 5.18% 50.09% 38.56%
Cheese 1.75 0.0150 0.87% -0.63% 8.38%
Palm Oil 4,650.00 -34.00 -0.73% -8.30% 39.56%
Milk 18.39 0.06 0.33% 2.74% 19.80%
Cocoa 2,421.00 101.00 4.35% -0.12% -16.43%
Cotton 108.90 -0.55 -0.50% -8.35% 56.87%
Rubber 223.60 -2.40 -1.06% 7.35% -12.79%
Orange Juice 121.90 0.70 0.58% 4.28% -3.86%
Coffee 236.65 2.45 1.05% 13.07% 101.15%
Oat 728.50 0.7500 0.10% -1.69% 132.56%
Wool 1,346.00 0 0% -0.07% 17.66%
Rice 14.01 -0.0100 -0.07% 7.65% 13.67%
Canola 1,031.60 9.00 0.88% 2.14% 73.93%
Sugar 18.73 0.11 0.59% -4.58% 29.71%
Tea 3.08 0 0% 4.05% 11.19%
Corn 580.00 3.0000 0.52% 3.71% 39.09%


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.